The Capital Commons, Part 2
How to best manage public capital.
MMT Academics
Warren Mosler’s Crisis Management Proposal
These were my proposals back in March. Now, with 20-20 hindsight, and some 8 months on, seems I wouldn’t change a thing…
How would Job Guarantee wages be set?
It is Wednesday so some snippets and some music – sad music this week because it signals the death of one of the great pioneers of Jamaican music last week. I am holding a Mini-Music Festival today – right here on my blog. Join in an celebrate a legend. But a few economics matters first …
Breadth and Taxes
Taxation does not need to be the bitter salve taken with every spoonful of sugar—it is and always has been a way to provide for the general welfare.
Why the New Deal Became the No Deal
The opening photo montage [on the Real Progressives home page] seems to be outlining an over-arching story about why American progressivism needs to make a special effort, now, to re-kindle the vision of Franklin Roosevelt. The activist, direct government spending of Roosevelt’s New Deal pulled America from the depths of the Great Depression, mobilized the …
Why Government Spending Can’t Turn the U.S. Into Venezuela
When poor countries fall prey to inflation, it’s not because they’re “too socialist.” The rising popularity of modern monetary theory (MMT) has inevitably brought misconceptions.
Explainer: What is Modern Monetary Theory?
Steven Hail explains the basics of Modern Monetary Theory using the Australian government as an example.
White Paper: Modern Monetary Theory (MMT)
The purpose of this white paper is to publicly present the fundamentals of MMT.