L. Randall Wray

L. Randall Wray

Senior Scholar L. Randall Wray is a professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy.
Economic Justice

MMT 101: Response to the Critics Part 2

MMT is frequently criticized for consolidating the treasury and the central bank. In this post, we will address these issues by tackling problems surrounding the nature of money and the role of taxes, and by beginning to deal with the consolidation argument.

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Democracy

Can Bernie Do It?

He was then attacked for using the conventional models that all conventional economists use. Apparently, these models are fine when they support austerity, but are out-of-bounds for use when they support progressive policy.

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