Tag Archives: MMT

It is Wednesday and so just some snippets. I have written about the behavioural impacts that studying mainstream economics, particularly the microeconomics component can have on students as they progress through their studies. I have observed sort of nice young people entering first-year and by later years, become arrogant, self-opinionated and delusional jerks. This phenomenon is particularly prominent if they go onto to do postgraduate level studies. It is well documented. The way...

By J.D. ALT What you believe America can build—or rebuild—as a collective society hinges on how you answer one fundamental question: When the U.S. government issues a treasury bond, is it “borrowing” money that must be repaid with future tax-dollars—or is it “creating” money that can be spent to accomplish big and important collective goals? Getting the right answer to this question could be existentially important. As I’m writing, for example, Hurricane Florence is unleashing...

MMT.Independent Australia Australia and the new social democratic movementSteven Hail

The media has been giving a lot of attention in the last week to the 10-year anniversary of the Lehman Brothers crash which occurred on September 15, 2008 and marked the realisation, after months of denial, that there was a financial crisis underway. Lots of articles have been published recently about what we have learned from this historical episode. I thought that the Rolling Stone article by Matt Taibbi (September 13, 2018) – Ten Years After the Crash, We’ve Learned Nothing – pretty much...

When Blue America endorses a candidate, there are several ways we can be helpful to their campaigns, the most obvious being to help them raise campaign funds by connecting them to small dollar campaign contributors. This cycle one of the most valuable other ways we've helped candidates is by connecting them to Stephanie Kelton, America's most brilliant economist. She has been very patient and very helpful with any candidate who wanted to take up he offer. Stephanie is well on the way to...

MMT gets a mention right at the top of the list.Huff PostThese 5 Rebel Movements Want To Change How Money Works Brett Scott

There are several misconceptions and misunderstandings as to the true meaning of Modern Monetary Theory,writes John Doyle. Independent AustraliaThe facts of Modern Monetary Theory John Doyle

MMT hitting the big time.Very positive and short as well.Barron'sStephanie Kelton Wants You to Rethink the Deficit Ben Walsh

Jason Smith comments on J. W. Mason and Arun Jayadev on MMT and conventional economics from the point of view of scientific modeling in macro.Information Transfer EconomicsWhat do equations mean?Jason Smith

This is Part 3 (and final) of my series responding to an iNET claim that Modern Monetary Theory (MMT) and mainstream macroeconomics were essentially at one in the way they understand the economy but differ on matters of which policy instrument (fiscal or monetary) to assign to counter stabilisation duties. In Part 1, I demonstrated how the core mainstream macroeconomic concepts bear no correspondence with the core MMT concepts, so it was surprising that someone would try to run an argument...