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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MMT and External Constraints

MMT and External Constraints

To Fix or To Float, that is the question.

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The Oppressive Free Lunch

The Oppressive Free Lunch

If progressives would just make the effort to inform themselves how a modern, sovereign fiat…

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What if the Public Understood How Money Works?

What if the Public Understood How Money Works?

The truth about federal finance used to be common household knowledge, maybe it should be…

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Answers from the MMTers

Answers from the MMTers

Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They…

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Money and Banking (Part 4 - Monetary Policy Implementation)

Money and Banking (Part 4 – Monetary Policy Implementation)

While details in operating procedures have changed through time, the federal funds rate has progressively…

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Money and Banking (Part 3 - Monetary Base, Reserves, and Central Bank’s Balance Sheet)

Money and Banking (Part 3 – Monetary Base, Reserves, and Central Bank’s Balance Sheet)

Now that we have an understanding of how the balance sheet of the Fed works,…

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