Tag Archives: MMT

The Vice President of the European Central Bank, Vítor Constâncio, gave the opening speech – Developing models for policy analysis in central banks – at the Annual Research Conference, Frankfurt am Main, on September 25, 2017. Last time I heard Constâncio speak in person, in Florence 2015, he was in typical Europhile central bank denial. He thought the Eurozone was fine, a great success given the low inflation, inferring that the ECB’s conduct had something to do with that. He didn’t talk...

Yves recaps the recent MMT conference. Very positive. It is followed by Raúl Carrillo's recap, linked to previously here at MNE. Yves here. This post is the write-up of one of the presentations at the first international MMT conference in Kansas City in September. Over 200 people, including your humble blogger, attended. We’ll be writing much more about this conference over the coming weeks as the conference organizers post videos and complete transcripts. Jamie Galbraith gave one of the...

MMT is breaking into the big time.Los Angeles TimesOp-Ed — Congress can give every American a pony (if it breeds enough ponies) Stephanie Kelton | professor of public policy and economics at SUNY Stony Brook, chief economist on the U.S. Senate Budget Committee in 2015, and an economic advisor to the Bernie Sanders 2016 presidential campaign.

Lawyer and Monder Money Network director Raúl Carrillo's presentation at the MMT conference. Must-read for all interested in MMT. (1) First, I’d like to impress upon folks a theme that I’ll be stressing throughout the conference: when it comes to the economy, law is not merely a governing force (as many on the right would have economists believe) nor a reflective force (as many on the left are inclined to think). It is also a constitutive force. What I mean by that is that the law doesn’t...

MMT Foolishness: Modern Monetary Theory (MMT) suggests that debt does not matter and governments can print at will creating a virtual utopia of constant growth. MMT, Keynesian, and Monetarism all suffer from the same fatal flaw: They promise something for nothing, in various ways. For discussion, please see Debunking MMT, Keynesianism, Monetarism: Reader asks “What theories do you believe?” Mish Reading List. Those who believe in the absurdity that a benevolent government would spend the...

By Raúl Carrillo I delivered the remarks published below at the First International Conference on MMT on September 22nd, 2017. The panel, entitled “Modern Money, Courts, and Civil Rights — Against Legal Predation”, explored the interplay between the cycle of crisis, austerity, and privatization, and the concomitant loss of rights for the public. I was joined by two esteemed law professors and friends of MMT: Angela P. Harris, formerly of UC Davis School of Law, and Martha McCluskey, of...

Of interest to Kaldorians, Post Keynesians, and modern monetary theorists (MMT).EconospeakHow I Came To No Longer Be A Kaldorian EconomistJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

Italy is experimenting with giving tax-cuts to its citizens in exchange for public services―such as pulling weeds and cutting grass. Wow. What an amazing idea! The government issues a tax credit, and uses it to pay a citizen in exchange for the citizen’s services to the government. The government could even make this arrangement more formal by printing the tax credits on pieces of paper called “LIRIES” (or something like that) and paying for the weed-whacking services with this “cash.” That...

First int'l conference of Modern Monetary Theory, cosponsored by the Binzagr Institute for Sustainable Prosperity, whose president is DU's Fadhel Kaboub. Denison Associate Professor of Economics Fadhel Kaboub is profoundly interested in the economics of poverty. As such, he is the president of the Binzagr Institute for Sustainable Prosperity, which co-sponsored the first international conference of Modern Monetary Theory (MMT) from Sept. 21 through 24, 2017 at the University of Missouri –...

I have returned from the first Modern Monetary Theory Conference, and I am feeling complacent about the state of theory within Modern Monetary Theory (MMT). I am looking at this from a particular perspective, which I will explain in this article. Other aspects of Modern Monetary Theory are obviously a work in progress, which I hope to discuss in a later article.... Bond Economics The State Of MMT Theory Is GoodBrian Romanchuk