Tag Archives: MMT

L. Randall Wray | October 1, 2018 My remarks for the 2018 MMT Conference, September 28-30, NYC. I was asked to give a short presentation at the MMT conference. What follows is the text version of my remarks, some of which I had to skip over in the interests of time. Many readers might want to skip to the bullet points near the end, which summarize what I include in MMT. ****************************************************************************** As an undergraduate I...

MMT gone viral! The cat is out of the bag. The last mile is closing fast now.BoingBoingModern Monetary Theory: why government spending isn't like household checkbooks Cory Doctorow BloombergEconomists Who Want You to Rethink the Deficit Gather in Downtown NYC Jeanna Smialek

More framing.This is a really good article. Concise, precise, and clearly formulated so that anyone can understand it. Disseminate widely.Here is the lede: Governments of all stripes base their policies on mainstream economics. Powerful challenges to the mainstream, especially from ecological economics and modern monetary theory, explain why we are in a hole and can’t seem to get out. If this article is largely correct, we can conclude that the economics profession is a major cause –...

Some ideas seem too good to be true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the government has trouble finding enough money to pay for stuff like schools and hospitals. And she wondered if it has considered just printing more money. She asked us: Can the government do that? Just make more money to pay for stuff? Fiscal hawks say, 'no way!' We'd have crazy inflation! But there's a group of economists that says, 'yes, we can create way more money,...

Stephanie and Noah debate.Bloomberg OpinionJust When Should We Start Worrying About Deficits? Stephanie Kelton and Noah Smith

Strategy and tactics. Important for MMT activists.Bill Mitchell – billy blogExploring the effectiveness of social media – Part 2Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

From the Perspective of Conventional Economic Analysis, the Post-Keynesian Approach to Inflation Is Mystifying. If We Focus on the Modern Monetary Theory (MMT) School of Thought in Particular, It Is Very Easy to Either Find Claims That "MMT Has No Theory of Inflation," or Non-MMTers "Explain" the MMT Inflation Theory Is Some Random Trivial Relationship That They Just Made Up. The Key to Understanding Post-Keynesian Approaches Is That It Takes a Completely Different Approach to Understanding...

Very positive piece. The last mile has all but closed. Down With TyrannyStephanie Kelton: "One Tweet At A Time"

Overt money financing.Open DemocracyWhy the public debt should be treated as an asset John Weeks | Professor Emeritus, School of Oriental & African Studies, University of London, and author of 'Economics of the 1%: How mainstream economics serves the rich, obscures reality and distorts policy', Anthem Press

I’ve been meaning to write about this topic for some time, but a Tweet the other day reminded me that there was still major misunderstandings of what Modern Monetary Theory (MMT) represents and that it was time to clarify some of those errors in comprehension. Specifically, there is a current out there that considers MMT to be incorrectly labelled because according to the argument there is no theory involved. It’s hard to imagine why anyone would think that but the fact that they do tells...