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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What Does the Trillion Dollar Coin Do?

What Does the Trillion Dollar Coin Do?

It’s a simple solution, and not scary at all – unless you are one of…

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The Perfect Fiscal Storm

The Perfect Fiscal Storm: Causes, Consequences, Solutions

Understanding how federal finance works makes for better predictions and sensible policy.

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The Fake Social Security Solvency Crisis is Congress' Fault!

The Fake Social Security Solvency Crisis is Congress’ Fault!

Predictions of doom are really based on provisions in law that Congress can change at…

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How To Pay For The War

How To Pay For The War

Remarks by L. Randall Wray at “The Treaty of Versailles at 100: The Consequences of…

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What Are Taxes For? The MMT Approach

What Are Taxes For? The MMT Approach

Sovereign government does not really need revenue in its own currency in order to spend.

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Do We Need Taxes? The MMT Perspective

Do We Need Taxes? The MMT Perspective

It’s elementary, my dear Holmes. Taxes drive the currency.

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