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.
* New Economic Perspectives

Towards a Libertarian/Austrian Modern Money Theory

Any time there is an MMT post, the comments are dominated by conspiracy theorists, haters of government, goldbugs, and victims of alien probings who are certain that MMT-ers are united in their effort to ramp up government until it consumes the entire economy.

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* New Economic Perspectives

Tax Bads, Not Goods

Once we understand what taxes are “for”, we can start to think about what kinds of taxes make sense.

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* New Economic Perspectives

A Primer on Government Surpluses

It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.

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