New Economic Perspectives Archive

New Economic Perspectives Collection

A growing archive of posts from all your favorite MMT greats, republished with permission from the original New Economic Perspectives blog.

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Do Bond Sales & Borrowing Finance US Deficit Spending?

Do Bond Sales & Borrowing Finance US Deficit Spending?

Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding…

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Towards a Libertarian/Austrian Modern Money Theory

Towards a Libertarian/Austrian Modern Money Theory

Any time there is an MMT post, the comments are dominated by conspiracy theorists, haters…

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16 Reasons Matt Yglesias is Wrong about the Job Guarantee vs. Basic Income

16 Reasons Matt Yglesias is Wrong about the Job Guarantee vs. Basic Income

Yes, sending a check to people is not as “messy,” but let’s stop pretending that…

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Tax Bads, Not Goods

Tax Bads, Not Goods

Once we understand what taxes are “for”, we can start to think about what kinds…

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An Alternative Meme for Money: Conclusion

An Alternative Meme for Money: Conclusion

The monetary system provides the power to do good, and the power to do bad…

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An Alternative Meme For Money, Part 7: Framing Deficits

An Alternative Meme For Money, Part 7: Framing Deficits

A government deficit will result if the nongovernment sector has a surplus—a perfectly sustainable balance.

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