Tag Archives: Warren Mosler

Investment boom, crowding out consumption.— Warren B. Mosler (@wbmosler) May 31, 2024 Odd "X" posts from Warren Mosler recently talking about "crowding out." He says business investment is "crowding out" personal consumption. This is an odd claim because crowding out is not a condition that would be claimed under MMT understanding, where money is a function of demand and where there is no theoretical limit to its creation. (Under a free-floating FX regime.)If business spending rises and...

Warren Mosler, one of the founders of Modern Monetary Theory (MMT) has a white paper (link) that acts as a summary of MMT. It is brief (1300 words), and does meet the objective of offering an overview of the question "What is MMT?" for more advanced readers. The brief nature of the paper means that not everything is covered, so I would point out that it does not represent all of MMT.In this article, I will summarise the contents of the white paper, discuss what I see as the main legitimate...

The MMTer is Warren Mosler in conversation with Eric Peters who reports it. I perused the comments. Out of dozens, only one person gets it. The rest are moronic. Zero HedgeAn MMTer Explains MMT In 320 WordsEric Peters, CIO of One River Asset Management

These are stats from my latest MMT Trader report. Are these recessionary signs? Warren Mosler is bearish as hell. Auto loans rising at the fastest pace in 8 months. Residential real estate loans rising at fastest pace in 3 weeks. Bank "residual" (capital) at record highs and up 3 weeks straight and up 6 of the last 7 weeks. (Implies growing bank earnings.) Bank assets at record levels. Gasoline demand at 6-month high. Distillate demand at 3-month high. Federal tax deposits have been...

Warren Mosler's slide pack for his presentation at the New School on March 25th.Taxation

On Warren Mosler's website his economic views have been bearish for something like the last four years. I cannot understand this.Not only was the deficit (something he talks about all the time) last year the highest in 6 years (both nominally and as a percent of GDP), but this year it will be even higher. In fact, it's already three-fourth's of last year's total and we're not even halfway through the fiscal year. Shouldn't he be bullish?Moreover, government spending is going to break another...

Professor Stephanie Kelton to join group of economics advisers to new MMT Scotland group New Scottish economics group to argue for Modern Monetary Theory policies for independent state. Some of the worlds most influencial MMT advocates to join advisory panel, including key Sanders 2016 campaign adviser Prof Stephanie Kelton. MMT part of a new wave of economic thought around the developed world. Heterodox economic school sets economic thinkers in opposition to Growth Commission...

Considering the modern state perhaps we should add that it also needs to have the right to create its own currency.... To many this will seem to exclude Eurozone countries as modern states. But in the video (below) Warren Mosler is surely correct when he suggests that any country unhappy with the Euro should not exit it at all but should simply introduce a parallel currrency (which is entirely legal), and which the national government would accept in taxes. New government spending in the...

Last week, Warren Mosler and I had one of our regular catchups and we discussed at length the state of play in Modern Monetary Theory (MMT). We are quite protective of it. We mused about how we started out on this Project and where it has gone. As old stagers do when they get together. We also reflected and compared notes on what the state of MMT is now, given the increasing visibility of the ideas in the mainstream media all around the world and the proliferation of social media activists...

I had an impromptu debate with Warren Mosler, the founder and still one of the leading figures of "Modern Monetary Theory" recently. We disagreed on the role of trade deficits, and this has led another MMT luminary, Bill Mitchell, to write two commentaries critiquing my position (see "Trade and external finance mysteries – Part 1" and "Trade and finance mysteries – Part 2". This is my partial reply to Mitchell—there are more issues that I want to take up when I have time to do so.......