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Search Results for: inflation
“The Hyperinflation Hyperventalists”
By Rob Parenteau** After a two day blogging slugfest on fiscal deficits, I find that the question of hyperinflation now demands an answer. And here it is: fiscal deficit spending may be a necessary condition of hyperinflation, but it is … Continue reading
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Is It Time to Reduce the Ease to Prevent Inflation and Possible National Insolvency?
By L. Randall Wray The growing consensus view is that the worst is behind us. The Fed’s massive intervention finally quelled the liquidity crisis. The fiscal stimulus package has done its work, saving jobs and boosting retail sales. The latest … Continue reading
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MMT is a Political Problem: Part 2
Thornton Parker In the first part of this series, we explained why MMT should be seen as a political problem rather than just an educational one. In this concluding part, we will discuss where MMT promotion is most likely … Continue reading
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MMT is a Political Problem: Part 1
By Thornton Parker The way a problem is seen can determine how or even if it gets solved. When the French engineer, Ferdinand de Lesseps, was picked to build the Panama Canal, he saw it as another excavation … Continue reading
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GW, CC, and MM
By Thornton Parker The way a problem is seen may determine how or even if it gets solved. Global warming (GW) and climate change (CC) are going to scramble many ideas about how developed economies work. At root, GW … Continue reading
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Posted in Guest Blogger
STATEMENT: House Budget Committee, “Reexamining the economic costs of debt”, Nov 20, 2019
By L. Randall Wray This blog is based on the testimony I provided to the US House of Representatives. My written statement will be published in the Congressional Record (a version is also at the Levy Economics Institute: http://www.levyinstitute.org/publications/statement-of-senior-scholar-l-randall-wray-to-the-house-budget-committee. The … Continue reading
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ALTERNATIVE PATHS TO MMT
[ed. This was part Randy’s Talk at ICAPE.] By L. Randall Wray First I’ll clearly state what MMT is and then outline four paths that lead to MMT’s conclusions: history, logic, theory and practice. What is MMT? It provides an … Continue reading
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PARABLE for the New Decade
By J.D. ALT With the essential collapse of the U.N. Framework Convention on Climate Change in Madrid (“Climate meeting goals go unmet” Washington Post, 12-16-19) we now approach the first day of 2020 with much less to celebrate, much more … Continue reading
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Lawrence O’Donnell Aims at Buttigieg, But Hits New Democrats
William K. Black December 16, 2019 Bloomington, MN On December 5, 2019, Lawrence O’Donnell made an impassioned attack on Pete Buttigieg on his “The Last Word” program on MSNBC. Buttigieg’s statements criticizing the Democratic Party as historically soft on deficits … Continue reading
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Posted in William K. Black
The People’s Money (Part 4)
Inflation & Consumption By J.D. ALT Let’s quickly recap: I outlined, in PART 3, an argument that modern society has evolved in ways that necessitates a dramatic increase in public enterprise—yet, at the same time, we’ve doubled down on an … Continue reading
