A Response to Frances Coppola
How many countries can really claim to have full monetary sovereignty? A more complex definition doesn’t make the prior definition wrong.
How many countries can really claim to have full monetary sovereignty? A more complex definition doesn’t make the prior definition wrong.
Why on earth would those in favor of single-payer healthcare reform choose to fight Congress fifty times and in fifty smaller groups?
The reason debates about economic equality, social mobility, access to opportunity, capitalism, socialism, and politics are bogged down in stubborn, circular quagmires is because most people see capitalism and commerce as the same thing.
Inflation has caused great economic harm many times and in many places around the world throughout history. But, where we’re stood now, is this time and place one where inflation should be a concern?Â
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.