Search Results for: ruml

“Fed Chairman Ruml got it right in 1946”

Posted on April 19, 2010 by | 3 comments

Hat tip Warren Mosler’s blog (http://www.moslereconomics.com/) On his recent piece “Taxes For Revenue Are Obsolete ” that appeared on the Huffington Post he notes: April 15th has come and gone, but the issue of taxation remains the course de jour. I … Continue reading →

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Posted in Taxes, The Federal Government Deficit, The National Debt, Uncategorized

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MMT: REPORT FROM THE FRONT (PART2)

Posted on October 14, 2019 by | 6 comments

By L. Randall Wray PART 2 In Part 1 I discussed the third annual MMT conference that was recently held at Stony Brook, and you can find the program as well as videos of the conference here: (https://www.mmtconference.org/). In this … Continue reading →

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Posted in L. Randall Wray

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A Conspiracy Against MMT? Chicago Booth’s Polling and Trolling

Posted on March 18, 2019 by | 26 comments

By L. Randall Wray MMT continues to inflame hysterical attacks. Who would have thought that it would take MMT to bring together everyone from the crazy right to the insular left to unite in common cause against an obscure theory … Continue reading →

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Response to Doug Henwood’s Trolling in Jacobin

Posted on February 25, 2019 by | 15 comments

Doug Henwood has posted up at Jacobin an MMT critique that amounts to little more than a character assassination. It is what I’d expect of him in his reincarnation as a Neoliberal critic of progressive thought. (https://www.jacobinmag.com/2019/02/modern-monetary-theory-isnt-helping). It adopts all … Continue reading →

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Posted in L. Randall Wray

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A Memo From MMT’s Legal Department

Posted on July 15, 2017 by | 13 comments

By Rohan Grey and Raúl Carrillo Orthodox economists are often inclined to think of law as an external force that ‘intervenes’ to regulate otherwise naturally occurring economic phenomena. In contrast, Modern Monetary Theory and its antecedent intellectual traditions have long … Continue reading →

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Posted in Guest Blogger

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Monetary Sovereigns, Monetary Subjects: Modern Money & The Criminal Legal System

Posted on July 12, 2017 by | 7 comments

By Raúl Carrillo I delivered the talk published below as part of a panel at Yale’s annual Rebellious Lawyering Conference, on February 17th, 2017. The panel, entitled “Financing Criminal Justice”, co-hosted by The Modern Money Network, focused on the connections between … Continue reading →

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“Debt-Free Money” and “ZIRP Forever”

Posted on July 3, 2014 by | 31 comments

By Scott Fullwiler I wrote a while back about how neoclassical economists don’t realize their view that interest on reserves (IOR) stops “printing money” from being inflationary also means that it’s impossible to create inflation by “printing money.”  See here. … Continue reading →

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Posted in Scott Fullwiler

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CREATIONISM VERSUS REDEMPTIONISM: HOW A MONEY-ISSUER REALLY LENDS AND SPENDS

Posted on June 10, 2014 by | 28 comments

By L. Randall Wray MMT has emphasized that there is a close relation between sovereign power to issue a currency and its power to impose tax liabilities. For shorthand, we say “Taxes Drive Money”. I’ve dealt with that topic in … Continue reading →

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WHAT ARE TAXES FOR? THE MMT APPROACH

Posted on May 15, 2014 by | 39 comments

By L. Randall Wray This is part of a series, following on from the last instalment that asked “Do We Need Taxes?”. Previously we have argued that “taxes drive money” in the sense that imposition of a tax that is … Continue reading →

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DO WE NEED TAXES? THE MMT PERSPECTIVE

Posted on May 13, 2014 by | 40 comments

By L. Randall Wray What do you get when you drop taxes? Well, Bitcoins. Sometimes the only appropriate response to critics is embarrassment. For them. Witness the following exchange on twitter:

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Posted in L. Randall Wray

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