RP Book Club: “Making Money Work for Us: How MMT Can Save America” by L. Randall Wray You only need to register once for all three sessions. There will be a guest expert each week to answer our questions. January 30, Chapters 1 & 2 (Guest: Eric Tymoigne) February 6, Chapters 3, 4 & 5 …
RP Book Club: “Making Money Work for Us: How MMT Can Save America” by L. Randall Wray You only need to register once for all three sessions. There will be a guest expert each week to answer our questions. January 30, Chapters 1 & 2 (Guest: Eric Tymoigne) February 6, Chapters 3, 4 & 5 …
RP Book Club: “Making Money Work for Us: How MMT Can Save America” by L. Randall Wray You only need to register once for all three sessions. There will be a guest expert each week to answer our questions. January 30, Chapters 1 & 2 (Guest: Eric Tymoigne) February 6, Chapters 3, 4 & 5 …
It is conventional wisdom that printing more money causes inflation. The only problem is, it’s not true. That’s not how inflation works.
Introduction The purpose of this chapter is to present a framework for the analysis of the price level and inflation. MMT (Modern Monetary Theory) is currently the only school of economic thought that, in direct contrast to other schools of thought, specifically identifies and models both the source of the price level and the dynamics …
A Framework for the Analysis of the Price Level and Inflation Read More »
It may surprise you to know that the banking sector is one of the most regulated industries in the United States.
The US financial system is extremely complicated and this series sheds light only on some corners of that system by focusing on the banking sector.
Given that the concept of leverage will be used often in the upcoming posts, this post spends some time explaining what leverage is and some of its impacts on the balance sheet of any economic unit.
This post studies how the Fed is involved in fiscal operations and how the U.S. Treasury is involved in monetary-policy operations.