The current economic framework within which policy is developed seems incapable of addressing climate change. Even policymakers who acknowledge the magnitude of the problem are avoiding real solutions, not knowing how solutions can be funded.
Comparative Analysis of Modern Monetary Theory and Textbook Economics Read More »
Introduction The purpose of this chapter is to present a framework for the analysis of the price level and inflation. MMT (Modern Monetary Theory) is currently the only school of economic thought that, in direct contrast to other schools of thought, specifically identifies and models both the source of the price level and the dynamics
A Framework for the Analysis of the Price Level and Inflation Read More »
In this article, we dispute the mainstream view that the inflation of the Weimar Republic was caused by a proactive expansion of the stock of money by the German government acting in concert with the Reichsbank.
Weimar Republic Hyperinflation Through a Modern Monetary Theory Lens Read More »
Robert C. Hockett and Saule T. Omarova propose in the white paper listed below that the United States government create a ‘National Investment Authority’ as an intermediate agency between the Federal Reserve and the United States Treasury. Its function would be to mobilize capital from both the public and private sectors to benefit the general
White Paper: A National Investment Authority Read More »
The presumption of innocence by those perpetrating the frauds is characteristic of Professor Galbraith’s cynically gracious approach.
7 Deadly Innocent Frauds of Economic Policy Read More »