Saturday, 30 March 2019

It’s a herculean task getting simple new ideas into the heads of the self-styled “intelligentsia”.

›
For years, Positive Money has been trying to get it into the heads of UK politicians that the bulk of the money supply is created by comme...
Thursday, 28 March 2019

Permanent zero interest rates.

›
MMTers tend to back the permanent zero interest rate idea. E.g. Warren Mosler (and Matthew Forstater) wrote a paper entitled “The Natural...
Tuesday, 26 March 2019

MMT says the debt doesn’t matter because we can always print money and buy it back?

›
Numerous journalists who have suddenly become experts on MMT since Occasion-Cortez semi-endorsed it have claimed that MMT consists essenti...
Monday, 25 March 2019

“Inclusive growth”: a near meaningless phrase.

›
I’ve discovered why economics think tanks and similar repeat the phrase “inclusive growth” like demented parrots. It’s because the Joseph R...
Sunday, 24 March 2019

The money created to do QE could have been spent on green investments?

›
Paul de Grauwe makes the above claim in an article entitled “Green Money Without Inflation” published by Social Europe. To be more accura...
Friday, 22 March 2019

Drivel, hogwash and nonsense from Bloomberg on MMT.

›
With MMT having suddenly become flavour of the month, thanks to Occasio-Cortez’s semi-endorsement of it, every other journalist has overn...
Sunday, 10 March 2019

Pathetic criticisms of full reserve by Messers Bentata, Giménez Roche and Janson.

›
In 2017, Pierre Bentata, Gabriel Roche and Nathalie Janson  (BRJ) authored a paper entitled “Full reserve banking reform proposals: The wr...