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Real Progressives
  • Media
    • Macro N Cheese | MMT Podcast
    • The Rogue Scholar
    • The New Untouchables
    • Community Articles
    • New Economic Perspectives
    • Modern Money Primer
  • Focus Areas
    • Economic Justice
    • Environmental & Ecological Justice
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Modern Money Primer

MMP Blog #21: Government Budget Deficits and the “Two-Step” Process of Saving

MMP Blog #21: Government Budget Deficits and the “Two-Step” Process of Saving

October 20, 2024August 8, 2022 by L. Randall Wray

It is best to think of the net saving of the nongovernment sector as a consequence of the government’s deficit spending—which creates income and savings.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #20 Responses

MMP Blog #20 Responses

October 20, 2024August 7, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 20.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #20: Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates, (continued)

MMP Blog #20: Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates, (continued)

October 20, 2024August 6, 2022 by L. Randall Wray

There are often two objections to the claim that government spending effectively takes place by simultaneously crediting the recipient’s bank account as well as the bank’s reserves.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #19 Responses

MMP Blog #19 Responses

October 20, 2024August 5, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 19.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #19: Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates

MMP Blog #19: Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates

October 20, 2024August 4, 2022 by L. Randall Wray

Let us now begin to examine in more detail the government’s budget and impacts on the nongovernment sector.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #18 Responses

MMP Blog #18 Responses

October 20, 2024August 3, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 18.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #18: Fiscal and Monetary Policy Operations in a Nation that Issues its Own Currency

MMP Blog #18: Fiscal and Monetary Policy Operations in a Nation that Issues its Own Currency

October 20, 2024August 2, 2022 by L. Randall Wray

Our next topic: government spending, taxing, interest rate setting, and bond issue. We will examine fiscal and monetary policy formation by a government that issues its own currency.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #17 Responses

MMP Blog #17 Responses

October 20, 2024August 1, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 17.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #17: Accounting for Real Versus Financial (or Nominal)

MMP Blog #17: Accounting for Real Versus Financial (or Nominal)

October 20, 2024July 31, 2022 by L. Randall Wray

I had thought the distinction between real and financial (nominal) was clear—but obviously it was not.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #16 Responses

MMP Blog #16 Responses

October 20, 2024July 30, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 16.

Categories Modern Money Primer, New Economic Perspectives
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