Search Results for: Lerner

MMT: REPORT FROM THE FRONT (PART 3)

Posted on October 16, 2019 by | 11 comments

By L. RANDALL WRAY In this part, I’ll resume with comments on the critical contributions to the special issue of rwer. We finished Part 2 with a discussion of the shocking lack of citations to MMT literature in the critiques—especially … Continue reading →

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MMT Responds to Brad DeLong’s Challenge

Posted on March 12, 2019 by | 11 comments

By L. Randall Wray In recent days MMT has captured the attention of anyone who can fog a mirror—even those long thought dead. The critics are out in full force—from the crazy right to the insular left. A short list … Continue reading →

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MODERN MONEY THEORY: How I came to MMT and what I include in MMT

Posted on October 1, 2018 by | 12 comments

My remarks for the 2018 MMT Conference September 28-30, NYC L. RANDALL WRAY I was asked to give a short presentation at the MMT conference. What follows is the text version of my remarks, some of which I had to … Continue reading →

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Alexandria on the Daily Show: the Moral Economy and Modern Money

Posted on August 14, 2018 by | 22 comments

Michael Hoexter, Ph.D. The hopes of many progressives in the United States are being hitched to a new generation of left-wing Democratic politicians emerging to challenge both corporate Democrats and the Trump-loving radical-right Republican Party.  This movement has grown out … Continue reading →

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John Cochrane Loves the Rule of Law (Some Exceptions Apply)

Posted on December 22, 2017 by | 4 comments

By William K. Black December 22, 2017     Bloomington, MN As Brad DeLong aptly puts it, John Cochrane was once an economist.  Cochrane is now a right wing ideologue surrounded by similar ideologues at Hoover.  He is pushing his new chapter … Continue reading →

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MINSKY AND MODERN MONEY THEORY: Was Minsky a “forefather”?

Posted on February 24, 2017 by | 14 comments

By L. Randall Wray A few weeks ago, a video of a lecture that Hyman Minsky gave at Westminster College on Oct 30, 1991 was made available. Although the Levy Institute has some audio of Minsky, this is the only video … Continue reading →

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DEBT-FREE MONEY PART 4: AMERICAN COLONIAL CURRENCY

Posted on February 15, 2016 by | 16 comments

By L. Randall Wray In Part Three I argued that the government issues currency as its liability and imposes tax liabilities on its subjects/citizens that can be paid in that currency. When taxes are paid, both the government and its … Continue reading →

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THE VALUE OF REDEMPTION: DEBT-FREE MONEY PART 3

Posted on February 14, 2016 by | 29 comments

Sorry that it has taken me a while to get back to my multi-part series on debt-free money. This is the third part of the current series, although I had previously written several other blogs on the related topics of … Continue reading →

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MMT and Bernie Sanders

Posted on November 20, 2015 by | 7 comments

L. Randall Wray Yesterday Senator Bernie Sanders gave an important speech in which he invoked President Roosevelt’s “second bill of rights” in defense of his platform. As Bernie rightly pointed out, all of Roosevelt’s New Deal social programs to which … Continue reading →

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Why Understanding Money Matters in Greece

Posted on March 8, 2015 by | 18 comments

By Robert W. Parenteau March 06, 2015 As Greece staggers under the weight of a depression exceeding that of the 1930s in the US, it appears difficult to see a way forward from what is becoming increasingly a Ponzi financed, extend … Continue reading →

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