Today Bill Mitchell posted some draft material from the MMT-oriented textbook he’s co-authoring with Randall Wray, another leading MMT thinker. I thought I’d post a few brief excerpts from it, since they nicely summarize several core elements of MMT. The … Continue reading
I visited the MMT-oriented New Economic Perspectives web site today and found another of the animated videos produced by students in Eric Tymoigne’s modern money course at Lewis & Clark College (I’d posted a link to an earlier video here). The video focused … Continue reading
Data from the Bureau of Labor Statistics makes it clear that–unlike the three decades preceding it–the 30 years following the election of Ronald Reagan have seen the growth rate of worker compensation fall far short of the increase in worker … Continue reading
As the latest phase of the Euro-crisis intensifies, it seems increasingly clear that Europe is at a difficult and historic crossroads in its long, slow transition from horrific warfare (and economic depression) during the first half of the 20th century, … Continue reading
As I read about the “debt problem” and hear it discussed endlessly on TV news shows, I find myself deeply disappointed to note how many journalists, politicians and even economists fail to make the distinction between private debt (i.e., debt … Continue reading
As I mentioned in my last post, which focused on Modern Monetary Theory (MMT), I’m working toward a post that will explain how a combination of MMT and New Growth Theory (NGT) can have major significance related to Internet policy … Continue reading
Since economics is supposed to be the study of the exchange of value and (hopefully) the increase in prosperity and well-being among human beings, it will be a central thread of future discussion on this site. The general perspective I’ll … Continue reading
