Richard Murphy: For MMT (Long and Wonkish)
MMT opponents try presenting their objections as technical, but they really are political.
Read more...Category Archives: The dismal science
Does Japan Do MMT?
In case you had any doubts, Japan is not following MMT economic policy prescriptions.
Read more...The Intergenerational Effects of a Large Wealth Shock: Evidence from the US Civil War
The US Civil War did not do lasting damage to the economic position of wealthy slaveholding famiies.
Read more...Is Conservatism Running on Brand Fumes?
Why the foundations of conservatism are crumbling.
Read more...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.
Read more...The Bad News About Nudges: They Might Be Backfiring
Public policy nudges devised by fans of behavioral scientst Richard Thaler might not be all that they are cracked up to be.
Read more...Why We Need New Measures of Potential Output—and What They Tell Us
Economists and policy makers are waking up to the fact that estimates of what is possible in the economy – “potential output” – are way off: this paper explains why.
Read more...ZEN and the Art of Modern Money, Part 3 (MMT)
More MMT for people in a hurry.
Read more...The Roots of Health Inequality and the Value of Intra-Family Expertise
Having doctors in the family is good for your healh. Who’d have thunk it?
Read more...All Eyes on the Fed
The latest round of debate on what the Fed might do down the road.
Read more...ZEN and the Art of Modern Money (MMT)
Working through a primer on MMT.
Read more...Antitrust in American History: Law, Institutions, and Economic Performance
The Chicago School’s weakening of antitrust law hurt the economy
Read more...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.
Read more...Promotions and the Peter Principle
The Peter Principle lives!
Read more...Greening Monetary Policy
Monetary policy favors carbon-intensive industries. Time to stop doing that.
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