Tuesday, 17 December 2019

N.G.Mankiw’s criticisms of Modern Monetary Theory.

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Mankiw, who is a Harvard Economist, recently published a work criticising MMT entitled “A Skeptic’s Guide to Modern Monetary Theory”. H...
Friday, 6 December 2019

Richard Murphy and Colin Hines’s way of funding the Green New Deal.

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Murphy & Hines have just published their ideas on this subject in a work entitled “Funding the Green New Deal”. I’m all for the GND, ...
Wednesday, 4 December 2019

Why the IMF was so hesitant about stimulus during the recent recession.

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As others have noted, the IMF was positively schizophrenic on the subject of stimulus during the recession that started in 2007/8. In one b...
Wednesday, 27 November 2019

Some popular misconceptions about the debt and deficit.

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Scott Wolla and Kaitlyn Frerking, two St Louis Fed authors, try to enlighten us on the deficit and debt. They make some valid poi...
Sunday, 24 November 2019

Yet another feeble defence of private money printing.

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I set out the flaws in many of the excuses proffered for letting private banks create money here recently. (Article title: “Silly excuses ...
Saturday, 23 November 2019

A large deficit is OK if it’s spent on investment?

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  Olivier Blanchard (former chief economist at the IMF) made a submission to the US House of Representatives  Committee on the Budget ...
Tuesday, 12 November 2019

JFK was an MMTer..!

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Seems according to this document* (Appendix A, Note 1) that Kennedy thought the only limit to the size of the deficit and debt was in...
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