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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MMP Blog #1: Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
This primer seeks to fill the gap between formal presentations in the academic journals and the informal blogs. It will begin with the basics to build to a reasonably sophisticated understanding.
MMP Blog #2 Responses
Comments and responses on the Modern Money Primer Part 2.
MMP Blog #20 Responses
Comments and responses on the Modern Money Primer Part 20.
MMP Blog #20: Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates, (continued)
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.
MMP Blog #21 Responses
Comments and responses on the Modern Money Primer Part 21.
MMP Blog #21: Government Budget Deficits and the “Two-Step” Process of Saving
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.