An Alternative Meme For Money, Part 7: Framing Deficits
A government deficit will result if the nongovernment sector has a surplus—a perfectly sustainable balance.
Sectoral Balances
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.
The Perfect Fiscal Storm: Causes, Consequences, Solutions
Understanding how federal finance works makes for better predictions and sensible policy.
“Debt” Ceilings for Dummies
Beautifully simple are a sovereign nation’s sectoral balances. They readily demonstrate that the government’s negative is the public’s positive, and vice versa.
Comparative Analysis of Modern Monetary Theory and Textbook Economics
The current economic framework within which policy is developed seems incapable of addressing climate change. Even policymakers who acknowledge the magnitude of the problem are avoiding real solutions, not knowing how solutions can be funded.
MMT 101: Response to the Critics Part 3
In this piece, we study the interaction between the government and nongovernment sectors while retaining the consolidation hypothesis.
An MMT Tutorial That Covers The Basics
This MMT tutorial provides short answers to several questions.