Added April 15 through 17

To Debates & Controversies

Rohan Grey’s Twitter Thread on @dylanmatt’s Vox piece on MMT
— Rohan Grey (@RohanGrey) April 16, 2019

Modern Monetary Theory, explained • A very detailed walkthrough of the big new left economic idea.
— Dylan Matthews (@dylanmatt) vox.com Apr 16, 2019

Tom Friedman Just Noticed that the UK “Has Gone Mad” (Part 2) • Blair, Brexit, and Friedman Show the Need for MMT Insights
— William Black (@WilliamKBlack) New Economic Perspectives April 11, 2019

Tom Friedman Just Noticed that the UK “Has Gone Mad” (Part 1)
— William Black (@WilliamKBlack) New Economic Perspectives April 11, 2019

Democracies With Sovereign Currencies Can Dance
— Anonymous New Economic Perspectives April 11, 2019

MMT, Models, Multidisciplinarity
— Pavlina Tcherneva (@PTcherneva) New Economic Perspectives April 8, 2019

Why Does Everyone Hate MMT DOWNLOAD
— James Montier, GMO April 3, 2019

A Must Read: Why does everyone hate MMT?
— L. Randall Wray, New Economic Perspectives, March 26, 2019

To News & Op-Eds

The Untold Story Of How Clinton’s Budget Destroyed The American Economy
— Joe Weisenthal (@TheStalwart) Business Insider (@businessinsider) Sept 5, 2012

Added April 5 through April 14

To Basics

Investment Perspectives: Modern Monetary Theory, and why you’re about to hear a lot more about it • Part 1
— Chris Bedingfield LiveWire & QuayGlobalInvestors, April 3, 2019


To News, Op-Eds & Reviews

Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street • Money managers, chief executives and business analysts maintain that modern monetary theory offers important insights. Far from finding it fanciful or deranged, they are using M.M.T. to build economic forecasts and even trading strategies.
— Patricia Cohen (@PatcohenNYT) NY Times April 5, 2019

Note: worth getting past cheap shots and sloppy reporting such as “The package of eccentric ideas” and unpacked reference to “University of Chicago’s Booth School of Business.”


To (the recently added) Debates & Controversies

MMT, Models, Multidisciplinarity
— Pavlina Tcherneva (@PTcherneva), New Economic Perspectives, April 8, 2019


To Federal Job Guarantee

Macroeconomic Stabilization Through an Employer of Last Resort
— Scott Fullwiler SSRN 2005

Full Employment Through a Job Guarantee: A Response to the Critics
— William F. Mitchell, L. Randall Wray SSRN Jan 1, 2005


To Expand Social Security
Does Social Security Need Saving? Providing for Retirees throughout the Twenty-first Century
— Dimitri B. Papadimitriou, L. Randall Wray The Jerome Levy Economics Institute of Bard College 1999

Debates & Controversies

“First they ignore you, then they laugh at you, then they fight you, then you win.” ~ Labor Organizer Nicholas Klein, 1914

While the boundaries aren’t precise, we seem to have blown past ‘ignore’ and through much of the laughter phase and are perhaps entering a real sea-change. There are a number of pull-no-punches posts for background and context, suggesting that it may be IS time for a new page on this site. Meanwhile, in chronological order, here’s what I found (which form the start of a new page Debates & Controversies):

Modern Monetary Theory is On the March. Posted Feb 18, 2019 on New Economic Perspectives by William Black (@WilliamKBlack), Associate Professor of Law and Economics at the University of Missouri-Kansas City.

MMT: Sense Or Nonsense? Posted March 5, 2019 in Forbes by John Harvey, Professor of Economics at Texas Christian University

MMT Takes Center Stage – and Orthodox Economists Freak Posted March 11 on New Economic Perspectives by William Black (@WilliamKBlack)

MMT Responds to Brad DeLong’s Challenge Posted March 12 on New Economic Perspectives by L. Randall Wray, Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute.

Three Natural Experiments Documenting Krugman’s Bias Against MMT Posted March 14 on New Economic Perspectives by William Black (@WilliamKBlack)

Wolfers Blames MMT for Orthodox Economists’ Ignorance of MMT Posted March 14 on New Economic Perspectives by William Black (@WilliamKBlack)

The Chicago Booth Survey on MMT Posted March 14 on MacroMania by David Andolfatto (@dandolfa), Senior V.P, Economic Research, Federal Reserve Bank, St. Louis.

Four “Tells” That Show Krugman Knows He Cannot Win an Honest Debate Posted March 15 on New Economic Perspectives by William Black (@WilliamKBlack)

The Day Orthodox Economists Lost Their Minds and Integrity Posted March 15 on New Economic Perspectives by William Black (@WilliamKBlack)

A Conspiracy Against MMT? Chicago Booth’s Polling and Trolling Posted March 18 on New Economic Perspectives by L. Randall Wray

Is there a better model to explain economics in the Trump era? Published March 20 Boston Globe (@GlobeOpinion) by James K. Galbraith, Chair in Government/Business Relations and Professor of Government, University of Texas.

A Must Read: Why does everyone hate MMT? Posted March 26 on New Economic Perspectives by L. Randall Wray

MMT Scholars’ Predictive and Policy Successes Posted April 1 on New Economic Perspectives by William Black (@WilliamKBlack)

MMT and Why Historians Need to Reclaim Studying Money Posted March 31 in History News Network (@myHNN) by Rebecca L. Spang (@RebeccaSpang) Professor of History at Indiana University

In the way it links monetary policy, fiscal policy, and social policy—the Jobs Guarantee and something like a Green New Deal are not things to be “paid for” via MMT, but are part of it—MMT rejoins the Enlightenment tradition of political/social economy. ~ Rebecca L. Spang

A Response to Rebecca Spang’s “MMT and Why Historians Need to Reclaim Studying Money” Posted April 7 in History News Network (@myHNN) by Maxximilian Seijo (@MaxSeijo)

MMT, Models, Multidisciplinarity Posted April 8, 2019 in New Economic Perspectives by Pavlina Tcherneva (@PTcherneva) Complete with suggested reading.

Added week ending April 4

To News, Op-Eds, Essays & Reviews

Does Our Bias Against Federal Deficits Need Rethinking? • Not everyone thinks federal budget deficits are bad. Say hello to Modern Monetary Theory, where red ink primes the economic engine and underwrites social good. Or does it?
— James Heskett Harvard Business School (@HarvardHBS) April 1, 2019

MMT and Why Historians Need to Reclaim Studying Money
— Rebecca L. Spang (@RebeccaSpang) History News Network (@myHNN) March 31, 2019

When DoJ and the FCC slowed inflation
— Brendan Greeley (@bhgreeley) ‏Financial Times Alphaville, March 27, 2019

Two weeks ago Alphaville published a clarification on modern monetary theory by Scott Fullwiler, Rohan Grey and Nathan Tankus. They argued that, counter to what had been reported, MMT does not rely exclusively on raising taxes to counter inflation. Proper MMT, they wrote, uses a lot of tools to manage inflation — taxes only one among them.

Is there a better model to explain economics in the Trump era?
— James Galbraith Boston Globe (@GlobeOpinion), March 20, 2019

What Is Modern Monetary Theory? An MMT Theorist Explains
— Lizzie Francis (@lizzy__francis) talks with Fadhel Kaboub, Fatherly (@FatherlyHQ) March 4, 2019