Daily Archives: January 18, 2013

THE PERMANENT FLOOR 2004

Posted on January 18, 2013 by Scott Fullwiler | 14 comments

The discussion over the permanent floor has led to a (in my view) fantastic post from Steve Randy Waldman. His key conclusions regarding how interest on reserve balances works are the following: Continue reading →

14 Comments

Posted in Scott Fullwiler

Tagged MMT, Modern Monetary Theory, permanent floor

MMT and Social Norms

Posted on January 18, 2013 by Devin Smith | 125 comments

By J. D. Alt

Chris Hayes’ recent MSNBC show on the Trillion Dollar Coin brought four aspects of the Modern Money debate, for me at least, into a clearer focus. I list them here not in their order of appearance on the show, but in their order of importance and logical connection.

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125 Comments

Posted in J. D. Alt

Tagged MMT, Modern Monetary Theory, resource constraints, Trillion Dollar Coin

The Great Austerity Swindle!

Posted on January 18, 2013 by Devin Smith | 21 comments

By Joe Firestone

Our Congresspeople, corporate CEOs, tea partiers, most economists, Pete Peterson’s minions, and even our President, tell us that we’re running out of money; and that if we can’t keep running huge deficits, and increasing our national debt forever, because eventually, our creditors will just cease lending us our dollars back.

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