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 »
A response to John Carney’s published works because I think they are the most cogent MMT critiques the Austrians have to offer.
MMP Blog #39: MMT for Austrians: Disagreements Among Reasonable People Read More »
The US Dollar probably will not remain the world’s reserve currency. From the US perspective, that might be a disappointment. In the long view of history, it is inconsequential.
MMP Blog #34: Functional Finance and Exchange Rate Regimes: The Twin Deficits Debate Read More »
Comments and responses on the Modern Money Primer Part 32.
MMP Blog #32 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 »
It is best to think of the net saving of the nongovernment sector as a consequence of the government’s deficit spending—which creates income and savings.
MMP Blog #21: Government Budget Deficits and the “Two-Step” Process of Saving 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.
Let us now begin to examine in more detail the government’s budget and impacts on the nongovernment sector.
Comments and responses on the Modern Money Primer Part 18.
MMP Blog #18 Responses Read More »