Category Archives: Macroeconomic policy

ZEN and the Art of Modern Money, Part 2 (MMT)

MMT for people in a hurry.

ZEN and the Art of Modern Money (MMT)

Working through a primer on MMT.

The Next US Recession Is Likely to Be Around the Corner

Business economists argue that the length of an expansion is a good indicator of when a recession will hit.

How Far Can We Push Fiscal Spending in Light of MMT? Some Optimistic Reflections on the Potential For Economic Experimentation

Estimating where MMT’s inflation constraint on fiscal spending kicks in.

Italy: How to Ruin a Country in Three Decades

How Italy became an economic mess.

MMT, Models, Multidisciplinarity

Pavlina Tcherneva does the heavy lifting of debunking an off-the-mark attack on MMT by Noah Smith.

Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”

Bill Black uses Tom Friedman’s recognition just this week that Brexit is a mess as the foundation of a detailed takedown of Friedman’s propaganda, um, views.

The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?

Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?

MMT Scholars’ Predictive and Policy Successes – Part A

Bill Black highlights how prominent economists apply double standards with respect to MMT.

A Must Read: Why Does Everyone Hate MMT?

A respone to the backlash against MMT.

Airbus and Boeing Are Signing Economic Suicide Pacts With China

Western companies that ought to know better are setting themselves up to have their lunch eaten by China.

The #MMT Case for Progressive Taxes

MMT advocate typically shy away from calling for progressive taxes. A case as to why that’s a lost opportunity.

Bill Black: The Day Orthodox Economists Lost Their Minds and Integrity (#MMT)

Chronicling and debunking more scurrilous attacks against MMT.

Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices

A high-level discussion of some of the operational issues posed by a Green New Deal.