Randy Wray


Joseph M. Firestone's picture

Richard Eskow Asks: Which Side Are You On?

Richard Eskow of the Center for the American Future, posted a very good one a couple of days ago. He used the old union meme “which side are you on” to beat up the President and Congress about Social Security being placed on the negotiating table. I thought his writing on it was striking. more »

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Joseph M. Firestone's picture

John Carney Doesn't Believe Government Spending Can Achieve Public Purpose

John Carney commented on a post by David Brooks and 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

The JG and the MMT Core: Part 15, Components of MMT

In this post I'll list the primary components of the MMT Knowledge Claim Network (KCN) classified under the major categories: the Social/Value Gaps; the Knowledge Gaps (Problems); the Descriptive Components (including Solutions); the more »

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Joseph M. Firestone's picture

The Job Guarantee and the MMT Core: Part 13, John Carney 's "Reply"

In a piece called “More Questions About the Job Guarantee,” John Carney provides some links to the continuing debate on the Job Guarantee (JG). more »

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Joseph M. Firestone's picture

The Job Guarantee and the MMT Core: Part Twelve, Theory and Fact

Cullen Roche continued his extensive and multi-faceted critique of the Job Guarantee policy and the Modern Monetary Theory approach to economics with a piece attempting to distinguish “theory” and “fact.” His piece is based on the common sense idea that there's a distinction be more »

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Joseph M. Firestone's picture

Job Guarantee and the MMT Core: Part Eleven, Price Anchor or Price Buoy

Is the JG a Price Anchor?

More on Cullen Roche's claims about the JG, this time a discussion of his price anchor vs. price buoy post.

Let's begin with:

”. . . This is right in theory and entirely unproven in reality. . . . more »

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Joseph M. Firestone's picture

The Job Guarantee and the MMT Core: Part Ten – A 180 Mic Check?

Cullen Roche continued his attack on the JG and his critics with a post asking whether America really needs to do a 180? I see the post as a set of distractions and straw man arguments that misconstrue the positions of his critics. more »

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Joseph M. Firestone's picture

The Job Guarantee and the MMT Core: Part Nine, The Wrong Goal?

Spilling Electronic Ink more »

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Joseph M. Firestone's picture

The Job Guarantee and the MMT Core: Part Eight, The JG Rate

A little time out from my critiques of the various posts contending that the MMT Job Guarantee (JG) proposal is not the core of MMT as an approach. more »

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