Category Archives: Macroeconomic policy

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.

Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT

Funny how considering MMT brings out the worst in some people….

MMT Responds to Brad DeLong’s Challenge

Randy Wray wades in yet again to contend with disinformation about MMT.

The EU Is Facing Gigantic Questions About Its Future That Are Hidden in Obscure Bank Policy Decisions

The ECB again rides in to try to paper over fundamental problems with the EU’s structure and to offset is austerity bias by restarting QE. But the EU needs more government spending. Will it take another crisis to get there?

Money, Digital Cash and Cryptocurrencies: Privacy Matters

Using laboratory experiments, the column shows that privacy matters, and increases the overall appeal of money.

Bill Black: MMT Takes Center Stage – and Orthodox Economists Freak

On the remarkable surge of interest in and attacks against MMT by mainstream economists and pundits.

Can the US Treasury Run Out of Money When the US Government Can’t?

Debunking some arguments against MMT by explaining why the US Treasury can’t run out of money.