Real Progressives

White Paper

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A Framework for the Analysis of the Price Level and Inflation

Introduction The purpose of this chapter is to present a framework for the analysis of the price level and inflation. MMT (Modern Monetary Theory) is currently the only school of economic thought that, in direct contrast to other schools of thought, specifically identifies and models both the source of the price level and the dynamics …

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White Paper: A National Investment Authority

Robert C. Hockett and Saule T. Omarova propose in the white paper listed below that the United States government create a ‘National Investment Authority’ as an intermediate agency between the Federal Reserve and the United States Treasury. Its function would be to mobilize capital from both the public and private sectors to benefit the general …

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