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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The Greatest Myth Propagated About The FED: Central Bank Independence (Part 3)
There never has been the kind of independence supposed by orthodox economists.
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 2)
In this blog we look at the myth of Fed independence from its creator, the…
The Greatest Myth Propagated About The FED: Central Bank Independence (Part 1)
It has been commonplace to speak of central bank independence—as if it were both a…
CBO—Still Out of Paradigm after All These Years
Gold-standard thinking is inapplicable to a sovereign, currency-issuing government operating under flexible exchange rates.
Replacing the Budget Constraint with an Inflation Constraint
Let’s stop pretending that replacing a budget constraint with an inflation constraint is so hard.