MMP Blog #46 Responses
Comments and responses on the Modern Money Primer Part 46.
MMP Blog #46 Responses Read More »
Comments and responses on the Modern Money Primer Part 46.
MMP Blog #46 Responses Read More »
Comments and responses on the Modern Money Primer Part 38.
MMP Blog #38 Responses Read More »
Comments and responses on the Modern Money Primer Part 32.
MMP Blog #32 Responses Read More »
Milton Friedman was a conservative economist and a vocal critic of “big government” and of Keynesian economics. Yet, in 1948 he made a proposal that was almost identical to Lerner’s functional finance views.
This week we begin a new topic: functional finance. Today we will lay out Abba Lerner’s approach to policy.
MMP Blog #31: FUNCTIONAL FINANCE: Monetary and Fiscal Policy for Sovereign Currencies Read More »
There was never a strong argument for adopting the Euro, and the weaknesses have been exposed. Currency union without fiscal union was a mistake.
MMP Blog #29: What about a country that adopts a foreign currency? Part Two 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 »
Comments and responses on the Modern Money Primer Part 26.
MMP Blog #26 Responses Read More »
We should not be fooled by such self-imposed constraints. We should be able to see through them to understand that since they are imposed by government on itself, they can be removed.
MMP Blog #23: The Debate About Debt Limits (US Case) Read More »