Friday, 2 October 2020

Positive Money is ten years old.

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  This article published by PM to mark its tenth birthday is fair enough for the most part. The title of the article is: “It’s our 10 year ...
Thursday, 1 October 2020

There’s nothing new in MMT?

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  Summary.    A popular criticism of MMT is that it contains nothing new: in particular that it is Keynes writ large. That criticism has som...
Friday, 25 September 2020

Two mistakes by MMT bigwigs.

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One mistake was made by Warren Mosler and interestingly this mistake probably explains his strange belief that interest rate cuts do not boo...
Thursday, 24 September 2020

Sustainability BS.

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  Congratulations to Brian Romanchuk for taking the p*ss out of the word “sustainable”. The title of his article is “Fiscal Sustainability ...
Tuesday, 22 September 2020

Steve Keen pipes up on the debt jubilee again.

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Steve Keen, has long supported debt jubilees, e.g. see this 2012 article of his. But he has recently piped up on the subject again. (Titles...
Thursday, 17 September 2020

What are Positive Money and David Graeber on about?

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  Positive Money quotes David Graeber as saying how much we borrow limits how much money is in circulation. See the item put on Instagram b...
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Friday, 11 September 2020

Seems the New Economics Foundation don't quite understand MMT.

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  At least that would seem to be the case to judge by the NEF article entitled “Changing the Fiscal Rules” written by Alfie Sterling, David...