John Quiggin looks at at student debt cancellation in terms of opportunity cost and MMT.Crooked TimberOpportunity cost, MMT and public spendingJohn Quiggin | Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a member of the Board of the Climate Change Authority of the Australian Government
Read More »Reposting a prior comment
Here’s a comment I wrote and posted several years ago. I’d like to add that I also see the Transition Job policy, along with a 0 rate policy, as what I call the ‘base case for analysis’ of a state currency: “With ‘state currency’There necessarily is,Always has been,Always will be,A buffer stock policy.Call that the MMT insight if you wish. So it comes down to ‘pick one’-1. Gold2. Foreign Exchange3. Unemployment4. Employed/JG/ELR5. WheatWhatever!I pick employed/JG/ELRAs it...
Read More »Will Modern Monetary Theory Go Mainstream? — Eric Winograd
Progress. The author admits that MMT makes sense economically and financially. However, Eric Winograd hopes it won't go mainstream based on expanding the size and role of government. So now it is ideology rather than theory or empirics.equities.comWill Modern Monetary Theory Go Mainstream? Eric Winograd
Read More »Medicare-for-all has a modeling problem Jeff Spross
Stephanie Kelton interviewed. Modeling this is a huge undertaking. The WeekMedicare-for-all has a modeling problem Jeff Spross
Read More »Bill Mitchell — The European Union once again reveals why it should be dissolved
While the Europhile progressives are publishing papers and holding talkfests to discuss their latest EU reform proposals, the on-going reality of the European Union continues to reveal itself – the pretense that there is a rule of law operating – as laid out in the Treaties and the idea that all are equal under that law. When I was researching my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale – and over the long period I have studied the concept of European...
Read More »The 1 question journalists should stop asking 2020 Democrats — Jeff Spros
MMT.The WEEKThe 1 question journalists should stop asking 2020 Democrats Jeff Spross
Read More »Bill Mitchell — An economist trying to stay relevant long after he lost it
This is my Wednesday blog post where I write less or perhaps research the blog post less – both of which save me time to do other things. Today a few snippets. One snippet looks at an article in Marketwatch – What Modern Monetary Theory gets ‘plain wrong,’ according to former IMF chief economist (June 11, 2019). This article should put to rest any claims that the mainstream New Keynesian macroeconomic consensus understands Modern Monetary Theory (MMT) or that MMT is somehow explainable...
Read More »Edward Lane — GND and Modern Monetary Policy
Finally, a positive article on the GND and MMT among a barrage of negative ones.The Berkshire EagleEdward Lane: GND and Modern Monetary Policy Edward Lane, ASA, CFP, is an adjunct professor of Finance and Economics, University at Albany (SUNY)
Read More »MMT: In Conversation with Bill Mitchell — Wouter Klijn
Good read. Explains MMT in terms of its history. Insights — Investment Innovation InstituteMMT – In Conversation with Bill Mitchell Wouter Klijn
Read More »MMT Carbon Initiative—a modest proposal
By J.D. ALT With great interest, I’ve been reading about the “Terraton Initiative”—a program designed to enlist farmers to sequester one trillion tons of carbon in their soil using innovative and “regenerative” planting techniques. The initiative was recently rolled out by Indigo AG—a young and rising Boston company recently named by CNBC as “the world’s most innovative company.” Indigo AG’s mark has been the establishment of a sophisticated platform enabling grain-farmers across the...
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