Search Results for: Dale Pierce

Modern Monetary Theory – An Introduction: Part 3

By Dale Pierce III. Taxing and Spending MMT 101 The state’s money is a good store of value and a reliable medium of exchange because absolutely everybody needs at least a little of it. Even off-the-grid survivalists and doomsday preppers … Continue reading

Modern Monetary Theory – An Introduction: Part 2

By Dale Pierce II. The Science of Government  Backlash The wave of capitalist triumphalism that spread around the world from the 1980s on was, and remains, a very complex social, political and economic phenomenon. Future historians, if there are any, … Continue reading

Modern Monetary Theory – An Introduction: Part 1

By Dale Pierce Chapter One Introduction This is Chapter One of a three-part overview of a body of economic thought known popularly as “Modern Monetary Theory” or “MMT”. The aim of this chapter is to explain the basic dynamics of … Continue reading

What is Modern Monetary Theory, or “MMT”?

By Dale Pierce Introduction Modern Monetary Theory is a way of doing economics that incorporates a clear understanding of the way our present-day monetary system actually works – it emphasizes the frequently misunderstood dynamics of our so-called “fiat-money” economy. Most … Continue reading

Fantasy Football, Platinum Futures and the Future of Platinum

By Dale Pierce For the present, all MMT policy advocacy is fantasy football. Everything we talk about is real, and everything we help to prove or explain or demonstrate or clarify is important – and will be much, much more … Continue reading

Greg Mankiw Discovers the Math and the Arithmetic on the Same Day

By Dale Pierce Raising taxes is a good idea after all. In fact, it is now quite necessary, according to former Romney flack and alleged deep thinker Greg Mankiw of Harvard University. (Whose introductory textbook in economics may go down … Continue reading