Tag Archive for Modern Monetary Theory

Krugman, Helicopters, and Consolidation – New Economic Perspectives

Paul Krugman has a new post that explains why the debate over money- vs. bond-financing of government deficits is really much ado about nothing. In it, he essentially echoes longstanding MMT-core principles, as we will show below. Indeed, MMT blogs have written as much many times previously (for example, see here, here, here, and here).

What If China Dumps US Treasury Bonds? Paul Krugman inches toward MMT – L. Randall Wray

Our deficit hysterians love to raise the specter of China. Supposedly Uncle Sam is at the mercy of the Chinese, who have a stranglehold on the supply of dollars necessary to keep the US government above water. If the Chinese suddenly decided to stop lending those scare dollars, Uncle Sam would be forced to default.

The Buzz Over MMT – Stephanie Kelton – New Economic Perspectives

The blogosphere and Twittershpere are buzzing over today’s NYT article on Warren Mosler and the proponents of Modern Money (or Monetary) Theory (MMT). This isn’t the first time MMT has been featured by a high-profile mainstream media outlet (see here, here, here) and, as usual, there are some editorial inaccuracies.

Robert Reich has a Good Heart but an Inadequate Grasp of Economics – William K. Black

Robert Reich has a Good Heart but an Inadequate Grasp of Economics

By William K. Black (Cross posted from Benzinga.com) Robert Reich has written a column entitled “Why this is the Worst Recovery on Record.”  It’s an odd title because the article makes no reference to this being “the worst recovery on … Continue reading

Robert Reich has a Good Heart but an Inadequate Grasp of Economics

Comparing Unemployment During the Great Depression and the Great Recession – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black Barry Eichengreen’s and Tim Hatton’s January 1988 paper entitled “Interwar Unemployment in International Perspective” is a useful starting point for any effort to compare unemployment during the Great Depression and the Great Recession.…

O’Donnell Thinks Krugman is “a lonely voice opposing austerity” because he listens to MSNBC – William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black On March 18, 2013, Lawrence O’Donnell stated that John Boehner’s admission that the U.S. faces no current debt crisis vindicated Paul Krugman, who O’Donnell described as “a lonely voice opposing austerity.”  It is…