Daily Archives: January 18, 2013


By Scott Fullwiler

The discussion over the permanent floor has led to a (in my view) fantastic post from Steve Randy Waldman.  His key conclusions regarding how interest on reserve balances works are the following: Continue reading

MMT and Social Norms

By J. D. Alt

Chris Hayes’ recent MSNBC show on the Trillion Dollar Coin brought four aspects of the Modern Money debate, for me at least, into a clearer focus. I list them here not in their order of appearance on the show, but in their order of importance and logical connection.

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The Great Austerity Swindle!

By Joe Firestone

Our Congresspeople, corporate CEOs, tea partiers, most economists, Pete Peterson’s minions, and even our President, tell us that we’re running out of money; and that if we can’t keep running huge deficits, and increasing our national debt forever, because eventually, our creditors will just cease lending us our dollars back.

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