Warren Mosler kindly replied to my Part Two of this series which provided the basis for this dialogue, reproducing Part Two with comments by Warren and myself.
MMT and Public Purpose:The Normative Component< more »
Modern Monetary Theory (MMT), an approach to economics that emphasizes the facts about how fiat monetary systems actually work in the real world and the implications of these facts for fiscal policy and economics is beginning to go mainstream. more »
A couple of days ago, my friend Lambert Strether raised this question about transitioning to a Modern Monetary Theory-based approach to fiscal policy in the United States:
“Could a "debt jubilee" be a useful demand in a transition to MMT? I think it would certainly have broad appeal. more »
Today, you told the “Democrats stop caving in . . . ” to the interests of corporations, the tea party, wealthy individuals, and the Republicans in Congress. The only problem with your fiery statement is that you began it by “caving in” to them yourself. more »
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