Category Archives: Macroeconomic policy

Richard Murphy: For MMT (Long and Wonkish)

MMT opponents try presenting their objections as technical, but they really are political.

Does Japan Do MMT?

In case you had any doubts, Japan is not following MMT economic policy prescriptions.

Why Martin Wolf Is Wrong on Modern Monetary Theory (MMT)

A shame that someone like Martin Wolf does get the core idea of MMT but still really can’t or won’t accept its implications.

How Shortening the Work Week Can Help Reduce Carbon Emissions

The four-day week as a management technique vs. cutting back working hours to reduce consumption: One, both, or neither?

How to Pay for the War

Updating a classic Keynes discussion of war financing for MMT and the Green New Deal.

ZEN and the Art of Modern Money, Part 3 (MMT)

More MMT for people in a hurry.

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?