Modern Monetary Theory - MMT
What is MMT and how could it completely change your perception of life in a nation with a sovereign fiat currency? Looking for MMT resources in other languages? Try our INTERNATIONAL MMT RESOURCES page.
Browse our MMT focused articles and filter them using the tabs at the top to find a specific topic.
Browse our MMT focused articles and filter them using the dropdown tab at the top to find a specific topic.
- All Articles
- Federal Reserve
- Inflation
- MMT 101
- MMT Academics
- MMT Rebuttal
- National Debt
- Taxation
- All Articles
- Federal Reserve
- Inflation
- MMT 101
- MMT Academics
- MMT Rebuttal
- National Debt
- Taxation
Money and Banking (Part 4 – Monetary Policy Implementation)
September 15, 2021
While details in operating procedures have changed through time, the federal funds rate has progressively gained in importance as a relevant operating tool since the 1920s.
Money and Banking (Part 3 – Monetary Base, Reserves, and Central Bank’s Balance Sheet)
September 14, 2021
Now that we have an understanding of how the balance sheet of the Fed works, it is possible to go into the details of how the Fed operates in the economy in terms of monetary policy.
Money and Banking (Part 2 – Central bank balance sheet and immediate implications)
September 13, 2021
Part 1 reviewed basic balance-sheet mechanics. This post begins to apply them to the Federal Reserve System (Fed).
Money and Banking (Part 1 – Balance Sheet)
September 12, 2021
If you cannot put your reasoning in terms of a balance sheet, there is a problem in your logic.
Monopoly Describes MMT
August 28, 2021
In short, federal deficits are the dollars we have to play the game.
Modern Monetary Lens
August 18, 2021
The point has been to make it clear that using the MMT lens and choosing to look for public purpose solutions yields full employment and a path to a progressive society.
When Will America Declare War on Climate-Change?
August 14, 2021
A declaration of war is a legal framework that sets in motion a process of “mobilization” in which the national government directs real resources—labor, engineering expertise, technology, material—toward the goal of defeating an enemy threat.
Back to [MMT] Basics
August 2, 2021
From the definition of a dollar as a unit of measure all the way to what The Fed is and how public policy can be informed – Grumbine runs the gamut on MMT basics.
Memes for Sharing
Why we need to debunk the 'deficit myth' - BBC REEL
Government spending is increasing at an unprecedented rate to deal with the effects of the coronavirus pandemic. Many people worry this could burden future generations.
However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending.
Could Modern Monetary Theory help us navigate our way out of this crisis – and even help build a fairer economy?
Producer: Dan John
Animation: Jacqueline Nixon
(Republished with permission from the BBC)
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