Search Results for: external constraint

MMT AND EXTERNAL CONSTRAINTS

Posted on February 24, 2014 by | 25 comments

By L. Randall Wray To Fix or To Float, that is the question. MMT argues that a sovereign government that issues its own “nonconvertible” currency cannot become insolvent in terms of its own currency. It cannot be forced into involuntary … Continue reading →

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Minsky Meets Brazil Part III

Posted on September 6, 2016 by | 1 comment

By Felipe Rezende This part of the series (see Part I and II, here and here) will focus on macroeconomic and microeconomic aspects to financial fragility and provision for liquidity. Minsky’s framework not only sheds light on how to detect … Continue reading →

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Posted in Felipe C. Rezende

Minsky Meets Brazil

Posted on August 10, 2016 by | 3 comments

By Felipe Rezende Part I This series will discuss at length the underlying forces behind Brazil’s current crisis. A consensus has emerged in Brazil (and elsewhere) blaming Rousseff’s “new economic matrix” policies for the country’s worst crisis since the Great … Continue reading →

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Did Ms. Rousseff’s epiphany come too late?

Posted on October 15, 2014 by | 6 comments

By Felipe Rezende If you’ve been tracking the news on Brazil’s presidential election, you already knew that incumbent Rousseff will face Neves in a runoff election for Brazil’s presidency on October 26th. The tight election reflects the perception of a … Continue reading →

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Mark Halperin Was Right

Posted on June 30, 2011 by | 18 comments

By Marshall Auerback It may not have been the most felicitous choice of phrase, but Mark Halperin’s characterization of Barack Obama was not far off the mark, even if he did get suspended for it.  The President is a dick, at … Continue reading →

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“My alternative proposal on trade with China”

Posted on April 12, 2010 by | 9 comments

By Warren Mosler* We can have BOTH low priced imports AND good jobs for all Americans Attorney General Richard Blumenthal has urged US Treasury Secretary Geithner to take legal action to force China to let its currency appreciate. As stated … Continue reading →

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Posted in Uncategorized, Unemployment

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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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Myron Ebell, Trump’s Nihilistic EPA Selection, Soft-peddled by the New York Times

Posted on November 21, 2016 by | 4 comments

Michael Hoexter, Ph.D. The US press has generally played a dismal role in warning people of the imminent dangers of climate breakdown and upcoming thresholds beyond which humanity may not survive as an organized species or a species at all. … Continue reading →

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Minsky Meets Brazil Part IV

Posted on September 20, 2016 by | Comments Off on Minsky Meets Brazil Part IV

By Felipe Rezende Part IV This last part of the series (see Part I, II, and III here, here and here) will focus on the Brazilian response to the crisis. What Should Brazil do? The Brazilian current crisis fit with … Continue reading →

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How Bernie’s Economic Policies Fit into Economic Theory

Posted on April 20, 2016 by | 2 comments

By William K. Black April 19, 2016     Bloomington, MN The journalist Adam Davidson has written an interesting article about economics and Bernie Sanders.  As an economic adviser to Bernie I found his take on Keynesian and institutional economics of considerable … Continue reading →

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