Modern Monetary Theory


Joseph M. Firestone's picture

The WaPo MMT Post Explosion: Dean Baker Weighs In on MMT

Dean Baker weighed in on MMT in the aftermath of Dylan Matthews's, MMT post on Ezra Kle more »

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Joseph M. Firestone's picture

The WaPo MMT Post Explosion: Jared Bernstein's Cool Up To a Point

After stating his general approval for Dylan Matthews's, MMT post on Ezra Klein's blog, and his agreement with MMT on the issue of solvency, a big point that MMT's been trying to get across to the mainstream for years, more »

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Joseph M. Firestone's picture

WaPo Covers MMT, But Does Its Usual Bad Job: Part Four, The Victory

This post concludes my critical evaluation of Dylan Matthews's, post published on Ezra Klein's blog called “You know the deficit hawks. more »

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Joseph M. Firestone's picture

WaPo Covers MMT, But Does Usual Bad Job: Pt 3, Banking, & “Hyperinflation"

This post continues my critical evaluation of Dylan Matthews's, post published on Ezra Klein's blog called “You know the deficit hawks. more »

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Joseph M. Firestone's picture

WaPo Covers MMT, Does Its Usual Bad Job: Pt Two, Inflation/Hyperinflation

This post continues the critical evaluation of Dylan Matthews's, post published on Ezra Klein's blog called “You know the deficit hawks. more »

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Joseph M. Firestone's picture

WaPo Covers MMT, But Does Its Usual Bad Job: Pt One, Basics and Solvency

It was very welcome to see The Washington Post cover MMT with a reasonably favorable post by Dylan Matthews, published on Ezra Klein's blog called “You know the deficit hawks. more »

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Joseph M. Firestone's picture

One + One = Two (Not Too Wonkish)

After reading one of my rants about the stupidity of policies aiming at a balanced budget, somebody in my Facebook environment, commented by saying: “1 + 1 = 2.” Here's my answer.

Yes, 1+1 = 2. more »

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Joseph M. Firestone's picture

Alternative Fiscal Policies: Why the Job Guarantee is Superior (Wonkish)

By

Pavlina Tcherneva

A few weeks ago I called for a technocratic debate on the merits of the JG, relative to other fiscal policies. A number of bloggers took the charge but the debate was not immune to ideological biases, which proved the starting point of my piece that one cannot separate fact from theory or ideology (and by ideology I do not mean the derogatory use of the word, but that which signifies ‘ontology’ or a ‘world view’). What I didn’t expect is for friends and sympathizers to resurrect one particularly invidious charge we have long heard from MMT deniers, namely that MMT is pushing authoritarian policies.

Oh, boy. How did we even get here? I thought this was going to be a technocratic debate. more »

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Joseph M. Firestone's picture

That's Not All!

After opposing the Job Guarantee proposal as part of the broader MMT policy program in service of the goals of public purpose, full employment with a living wage and price stability, and for many weeks now, combining with Mike Sankowski and Carlos Mucha to found “Monetary Realism” and more »

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Joseph M. Firestone's picture

The Job Guarantee and the MMT Core Series: An Introduction

This is an introduction to a series of 16 posts I wrote in reply to a number of posts by John Carney at the CNBC blog and Cullen Roche at Pragmatic Capitalism, and comments replying to them. The posts by Carney and Roche criticized the MMT Job Guarantee (JG) proposal. more »

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