MMP Blog #41 Responses
Comments and responses on the Modern Money Primer Part 41.
MMP Blog #41 Responses Read More »
Comments and responses on the Modern Money Primer Part 41.
MMP Blog #41 Responses Read More »
Comments and responses on the Modern Money Primer Part 28.
MMP Blog #28 Responses Read More »
Even if the government ties its hands behind its back and its shoes together, it makes no difference – the balance sheets still balance.
MMP Blog #28: Government Spending with Self-Imposed Constraints Read More »
We will look to the frequent claim that the US is “special”—while it might be able to run persistent government deficits and trade deficits, other countries cannot.
MMP Blog #25: Currency Solvency and the Special Case of the US Dollar Read More »
When government deficit spends, some of the claims on government will end up in the hands of foreigners. Does this matter? Yes, according to many.
MMP Blog #24: What if Foreigners Hold Government Bonds? Read More »
Comments and responses on the Modern Money Primer Part 22.
MMP Blog #22 Responses Read More »
Since government deficits create an equivalent amount of nongovernment savings, it is impossible for the government to face an insufficient supply of savings.
MMP Blog #22: Reserves, Government Bond Sales, and Savings Read More »
Comments and responses on the Modern Money Primer Part 21.
MMP Blog #21 Responses Read More »
There are often two objections to the claim that government spending effectively takes place by simultaneously crediting the recipient’s bank account as well as the bank’s reserves.