A Primer on Government Surpluses
It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.
MMT
MMT, Models, Multidisciplinarity
The attacks on MMT are taking a comical turn. Don’t miss this rebuttal complete with an AMAZING list of reference links.
The Perfect Fiscal Storm: Causes, Consequences, Solutions
Understanding how federal finance works makes for better predictions and sensible policy.
How To Pay For The War
Remarks by L. Randall Wray at “The Treaty of Versailles at 100: The Consequences of the Peace”, a conference at the Levy Economics Institute, Bard College, May 3, 2019.
What Are Taxes For? The MMT Approach
Sovereign government does not really need revenue in its own currency in order to spend.
MMP Blog #50: MMT Without the JG? Conclusion
Can you separate the MMT explanation of the cause of unemployment from the policy to cure it? Yes. Should you? Of course not.
Blog Responses: Retrospective on MMT
There was one substantive and flawed comment on the MMT Retrospective, so I will deal with that here.