Monetarism Falls Short (Somewhat Wonkish) New York Times (blog) On the left are the Modern Monetary Theory types, who assert exactly what the austerians like to claim, falsely, is the Keynesian position – that budget deficits never matter (except...
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David Graeber: If Reinhart and Rogoff's 'error' has discredited the prevailing policy dogma, now is the time for an alternative that works
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Great article citing tax-backed bonds idea by Mosler and Pilkington. Delete the scoop?
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Yves here. I'm overdue for a post on the propagandizing against Cyprus. Black describes one element of this barrage. By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of ...
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Modern Monetary Theory Means We Shouldn't Have A Progressive Tax System
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Vincenzo Aversa's comment,
May 13, 7:26 AM
I might be wrong, but I think the author doesn't consider that according to MMT the level ox taxation would be much lower than the current one, in order to enhance people spending power during recession times. That said, people would not complain too much about taxation if they had enough money to spend. Low taxation and govt investments would lead to higher GDP, so even with a single tax band tax revenue could be higher than the current one.
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National Post
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Stephanie Kelton: Making The Case Against Austerity. By Stephanie Kelton, Associate Professor of Economics at the University of Missouri-Kansas City. Cross posted from New Economic Perspectives. Neil Irwin at Wonkblog ...
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Great interview. I've always wanted to learn more about the history of money, and I think Randall Wray provides some interesting points. I'm aware of some of his papers on the history of money, but do you know of any other ...
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Randy Wray — The Absolutely Final and Definitive Destruction of Reinhart And Rogoff. Two UMKC students have provided what I think is the most destructive empirical work to date on the simply awful book and articles by ...
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Reconciling the Liquidity Trap With MMT: Can DeLong and Krugman Do the Full ...
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NEWS | SAN DIEGO A lesson in modern monetary theory
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Modern Monetary Theory is a way of doing economics that incorporates a clear understanding of the way our present-day monetary system actually works – it emphasizes the frequently misunderstood dynamics of our ...
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Good lead into the 'Job Guarrantee'. Delete the scoop?
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Government Debt And Deficits Are Not The Problem: Private Debt Is – OpEd
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Michael Hudson writes... Delete the scoop?
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... 2013 by Tom Usher. Professor L. Randall Wray, Economics, University of Missouri-Kansas City, is an expert on MMT (Modern Money Theory), which he makes very accessible to non-economists (kudos to him for that!
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Goodness....MMT is really mainstreaming! Delete the scoop?
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About two years ago, billionaire Nick Hanauer (a venture capitalist from Seattle) gave a talk at the TED conference about income and inequality in America. The...
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Watch and learn. Plain talking that fingers the 1% for inequality and poverty. This is soemthing we are not supposed to know... Delete the scoop?
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I then talked with Linda Hutton and Bill Weidacher about the state of the housing market in New Hampshire and the country. In the second half of the show I talked with fellow NEP bloggers Bill Black and Marshall Auerback.
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NEP's William Black and Stephanie Kelton appear on RT's Truthseeker. This episode focuses on the looting of America.
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Very compelling viewing.
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Expansionary Austerity: Reinhart&Rogoff and the Neolibs EconoMonitor (blog) (See here: http://www.levyinstitute.org/pubs/wp_603.pdf) First, the notion that one can simply aggregate across 800 years of data (from a variety of sources) and countries...
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By Dale Pierce. Chapter One. Introduction. This is Chapter One of a three-part overview of a body of economic thought known popularly as “Modern Monetary Theory” or “MMT”. The aim of this chapter is to explain the basic ...
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Panel discussion – Economic and Financial Weblogging and Standard Ivy-Covered Academia (Speaker: Mark Thoma; Discussant Stephanie Kelton; Moderator: Bob Strom)
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As I noted in my previous post, neoclassical economics made it an item of faith that capitalism was inherently stable, and dismissed arguments to the contrary.
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Modern Money and Pubic Purpose Modern Monetary Theory (Warren Mosler) Vs. The Austrian School (Robert Murphy) Macroeconomic Debates Among The Heterodoxy Part of the 2012-2013 Modern Money and Public ...
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By L. Randall Wray European integration was a grand plan, perhaps driven by lofty motives. I don't take a position on that since I'm not European. B...
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MMT to Washington: There Is No Long-term Deficit Problem!
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Mosler writing.. Delete the scoop?
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Today, modern-day chartalists are from the school of thought known as Modern Monetary Theory (MMT). Without getting into the intrinsic value debate, this is where I strongly depart from Denninger, because if we accept the ...
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The essential insight of Modern Monetary Theory (or “MMT”) is that sovereign, currency-issuing countries are only constrained by real limits. They are not constrained, and cannot be constrained, by purely financial limits ...
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At last - Tax Reform meets MMT. We have crossover. if it were a record it would go platinum. Delete the scoop?
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Krugmann still does not support MMT view but he writes about it seriously which is still a good thing.