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Search Results for: inflation
What Should Brazilian Economists and Policy Makers have Learned from the Crisis?
By Daniel Negreiros Conceição A global economic winter is coming. The Euro experiment is nearing its total collapse—an entirely avoidable disaster long foretold by MMTheorists. In the US, people’s blind aversion to public deficits and the public debt, fuelled by … Continue reading
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Posted in Uncategorized
To Save the Euro, the Eurozone Governments Must Stand By Greece
By Marshall Auerback George Soros probably understands the nature of the immediate problem facing the Eurozone (namely, the accelerating bank run which, amongst other things, potentially exposes Germany to trillions of contingent euro liabilities). But even Soros reflects the prevailing … Continue reading
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Posted in Uncategorized
MMP #52 Conclusion: The Nature of Money
By L. Randall Wray The Primer has run its course. I did not get to cover quite all of the topics I had planned. However, for those of you who want the whole Primer can read The Book: Modern Money … Continue reading
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Posted in Uncategorized
Can the Fed Really do More?
By Stephanie Kelton I’ve grown increasingly frustrated by the near universal cry for more action from the Fed. My friend and fellow blogger Marshall Auerback has quipped that it’s as if every mainstream progressive received the same White House memo. … Continue reading
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Response to Blog 50: Conclusion – Minsky and the Job Guarantee
By L. Randall Wray As I said I am not going to provide responses to comments on the final blogs of the primer. In any case, the commentary has degenerated into a chat room utilized largely by aging retirees who … Continue reading
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Posted in L. Randall Wray, MMP
Another One Bites the Dust: The ECB Pours Cold Water on Bankia Bailout Solution
By Marshall Auerback It might seem strange to invoke Freddie Mercury and Queen in the context of the eurozone, but it’s the first thought that springs to mind, as Brussels and the increasingly hapless ECB, continue to mismanage their way … Continue reading
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Toward Monetary Enlightenment: An Integral Approach to Macroeconomic Policy
By Dan Kervick One staple of economic policy debate is the running conflict between those who lean toward a reliance on fiscal policy and those who lean toward a reliance on monetary policy.
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Posted in Dan Kervick, MMT, Modern Monetary Theory, Monetary policy
MMP Blog 50: MMT Without the JG? Conclusion
By L. Randall Wray 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 … Continue reading
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Posted in L. Randall Wray, MMP
Tagged ELR, job guarantee, MMT, Modern Monetary Theory, modern money theory
The Fiscal Summit Counter-Narrative: Part Three, Are There Spending Constraints On Governments Sovereign in Their Currencies?
By Joe Firestone An issue at the core of all the fuss about fiscal sustainability is Government solvency. The deficit hawks and doves believe that Governments sovereign in their own currency can run out of money if they keep deficit … Continue reading
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The Fiscal Summit Counter-Narrative: Part Two, Defining Fiscal Sustainability
By Joe Firestone One of the most irritating things about the deficit hawk/austerity literature, is that it uses the ideas of “fiscal sustainability” and “fiscal responsibility” in an ideological way, without ever really analyzing or explaining these labels. It’s almost … Continue reading
