Daily Archives: May 28, 2012

MMP Blog 50: MMT Without the JG? Conclusion

Posted on May 28, 2012 by Mitch Green | 131 comments

Sorry for the interruption of the blog. Originally I had planned 52 blogs, one-year’s-worth, although along the way I added a few so that we would have run about 13 months. Here’s why: the blogs came from a book manuscript, the Modern Money Primer. The idea was that you would not only be a test audience, but that your questions and comments would allow me to revise the manuscript as we went along. And that worked. I think the manuscript was much improved because of this blog. You helped write the book.

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Posted in L. Randall Wray, MMP

Tagged ELR, job guarantee, MMT, Modern Monetary Theory, modern money theory

Embedded Examiners always married the Natives, but now their Bosses Do Hook Ups

Posted on May 28, 2012 by Mitch Green | 5 comments

By William K. Black
(Cross-posted from Benzinga.com)

Jessica Silver-Greenberg and Ben Protess have written an extraordinarily important column for the New York Times about embedded examiners at JPMorgan.

Embedded examiners’ are federal regulators whose normal work station is a desk at the bank. We only embed examiners for systemically dangerous institutions (SDIs) – banks so large that they pose a systemic risk to global economy.

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