Blog Responses: Retrospective on MMT
There was one substantive and flawed comment on the MMT Retrospective, so I will deal with that here.
MMT
Answers from the MMTers
Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They answered.
Where to Start Learning About MMT
Have you recently discovered MMT or Modern Monetary Theory and want to learn more but aren’t sure where to start? Well, start at the beginning, of course!
The National Debt and Other Red Herrings
Discussions of inflation are often laden with an air of superstition and moral panic. Like all such things they can only persist in the face of misunderstanding and rumor.
Single Payer “State by State”? No. Here’s why…
There really is only one way to go, and we can only get there by all rowing in the same direction at the same time and forcing the federal government to enact, and fully fund, single-payer healthcare – Medicare For All.
Money Growth Does Not Cause Inflation!
It is conventional wisdom that printing more money causes inflation. The only problem is, it’s not true. That’s not how inflation works.
Back to [MMT] Basics
From the definition of a dollar as a unit of measure all the way to what The Fed is and how public policy can be informed – Grumbine runs the gamut on MMT basics.
The Dilemma of the Cooperative Gene
Given the relationship between “money” and real resources, it is impossible to equitably “share” real resources, and effectively create collective goods, when money is a scarce commodity controlled by competition.
Let’s Play the Pay For Game
Admit that taxes don’t “pay for” anything and that all government spending is paid for in one way and one way only—the Federal Reserve credits the appropriate bank accounts.
Longing for Genuine Global Solidarity
So join me in this struggle, it’s my final plea. I’ll die trying if I have to, for this better future is within reach, and it’s yearning to be set free.
