Tag Archives: MMT

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...

This is Part 2 of a three-part response to an iNET article (September 6, 2018) – Mainstream Macroeconomics and Modern Monetary Theory: What Really Divides Them?. In Part 1, I considered what we might take to the core body of mainstream macroeconomics and used the best-selling textbook from Gregory Mankiw as the representation. The material in that textbook is presented to students around the world as the current state of mainstream economic theory. While professional papers and policy...

Funny. Trump gets some of the basics of MMT, which the article mentions. Gary Cohn, not so much.Business InsiderBob Woodward book: Gary Cohn was 'astounded at Trump's lack of basic understanding' about the federal debt Bob Bryan