L. Randall Wray

Comments and responses on the Modern Money Primer Part 26.

A country that floats its exchange rate can enjoy domestic policy independence and free capital flows. A country that pegs its exchange rate must choose to regulate capital flows or must abandon domestic policy independence.

We must have fundamental reform and MMT shines a light on the path we need to take. Randy Wray’s keynote speech at the 2011 CofFEE Conference.

Comments and responses on the Modern Money Primer Part 25.

We will look to the frequent claim that the US is “special”—while it might be able to run persistent government deficits and trade deficits, other countries cannot.

Comments and responses on the Modern Money Primer Part 24.

When government deficit spends, some of the claims on government will end up in the hands of foreigners. Does this matter? Yes, according to many.

Comments and responses on the Modern Money Primer Part 23.

We should not be fooled by such self-imposed constraints. We should be able to see through them to understand that since they are imposed by government on itself, they can be removed.