Search Results for: inflation

MMT 101: A Response to Critics Part 6

Posted on December 6, 2013 by | 42 comments

Policy Aspects of MMT By Eric Tymoigne and L. Randall Wray [Part I] [Part II] [Part III] [Part IV] [Part V] [Part VI] From the theoretical framework discussed in the 5 previous installments, MMT draws specific policy conclusions about fiscal, … Continue reading →

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MMT 101: A Response to the Critics Part 5

Posted on December 5, 2013 by | 7 comments

Adding the Foreign Sector By Eric Tymoigne and L. Randall Wray (Revised Figure 8 on 12/6/13) [Part I] [Part II] [Part III] [Part IV] [Part V] [Part VI] Paul Davidson has recently written: What is Bitcoin?  According to Modern Money … Continue reading →

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MMT 101: A Response to the Critics Part 4

Posted on December 4, 2013 by | 20 comments

Adding the Central Bank By Eric Tymoigne and L. Randall Wray [Part I] [Part II] [Part III] [Part IV] [Part V] [Part VI] Beyond the inflationary aspect of MMT, Palley (2013) argues that MMT does not account for the flooding … Continue reading →

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MMT 101: Response to the Critics Part 3

Posted on December 3, 2013 by | 43 comments

Adding the domestic private sector By Eric Tymoigne and L. Randall Wray [Part I] [Part II] [Part III] [Part IV] [Part V] [Part VI] In the previous installment, we focused mostly on the government side of the circuit. In this … Continue reading →

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In Search of Sin

Posted on December 2, 2013 by | 7 comments

By Glenn Stehle When Stephanie Kelton spoke of orthodox economics and its “one size fits all perspective” in her recent lecture at the Fields Institute, it got me to thinking that when it comes to deficit hawks, they really know … Continue reading →

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MMT 101: Response to the Critics Part 2

Posted on December 2, 2013 by | 51 comments

The Simplest Case: The Circuit with a Consolidated Government By  Eric Tymoigne and L. Randall Wray [Part I] [Part II] [Part III] [Part IV] [Part V] [Part VI] MMT is frequently criticized for consolidating the treasury and the central bank. … Continue reading →

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MMT 101: A Reply to Critics Part 1

Posted on December 1, 2013 by | 35 comments

By  Eric Tymoigne and L. Randall Wray [Part I] [Part II] [Part III] [Part IV] [Part V] [Part VI] This is Part 1 of a six part series in which we deal with critics of MMT. As readers of this … Continue reading →

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Loathsome Wall Street Deficit Hysterics: ‘Blame the Old and Sick, Not Us’ – Part 1

Posted on November 26, 2013 by | 8 comments

By Michael Hoexter The austerity push by politicians, political operatives, and pundits of the last 5 years is the height of economic, political, and social perversity and stupidity. Yet, as it still resonates in the halls of power, in the … Continue reading →

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Think Bigger, Please!

Posted on November 25, 2013 by | 23 comments

By Dan Kervick Paul Krugman has yet another pair of pieces up about real interest rates, inflation rates, monetary policy “tightness” or “looseness”, and the purported theoretical connection between these phenomena and US stagnation: stagnation in US growth, employment and wages. … Continue reading →

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JFK and Federal Budgetary Policy

Posted on November 22, 2013 by | 19 comments

By Mathew Forstater On this, the 50th anniversary of the assassination of President John F. Kennedy, we would do well to remind ourselves that another loss resulting from that fateful day was that of a progressive trend in leadership regarding … Continue reading →

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