Do Bond Sales & Borrowing Finance US Deficit Spending?
Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding it.
Do Bond Sales & Borrowing Finance US Deficit Spending? Read More »
Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding it.
Do Bond Sales & Borrowing Finance US Deficit Spending? Read More »
Let us close this blog and this Primer with an examination of three propositions on the nature of money. This has been a long and difficult blog. You might need to read it twice. Or three times.
MMP Blog #52: Conclusion: The Nature of Money Read More »
The main objections to MMT are the belief that adoption of a fiat money necessarily leads to high inflation and perceived government inefficiency. Let’s expose these boogeymen.
MMP Blog #51: The Efficiency Fairy and Inflation Goblins Read More »
Comments and responses on the Modern Money Primer Part 50.
MMP Blog #50 Responses Read More »
Can you separate the MMT explanation of the cause of unemployment from the policy to cure it? Yes. Should you? Of course not.
MMP Blog #50: MMT Without the JG? Conclusion Read More »
It is much better to create the jobs and then let growth follow, rather than to try to pump up growth in the hope that some jobs might trickle down.
MMP Blog #49: Should Growth Drive Jobs, or Jobs Drive Growth? Read More »
Comments and responses on the Modern Money Primer Part 48.
MMP Blog #48 Responses Read More »
Once one understands that sovereign governments do not have to force millions to suffer involuntary unemployment, then the ethically defensible position of opposing a Job Guarantee is narrowed.
MMP Blog #48: Is The Job Guarantee Necessary? Read More »
Comments and responses on the Modern Money Primer Part 47.
MMP Blog #47 Responses Read More »