Commentary & Controversy

Doubtless I’ve missed more than a few, but the growth in commentary from MMT literate sources has grown significantly over the past decade. Consider: for 2001 through 2016, I’ve found 38 articles published in a range of media. Compare that to 158 published, sometimes with updates, between 2017 and 2020. You’ll find them on two pages: Debates and Controversies and News & Commentary

I added only four in 2021, leading me to wonder if I’m slacking off. Suggestions most welcome, here or via my Twitter feed.

Added today to Debates and Controversies: Paul Krugman Has Changed His Tune About Our “Long Run Budget Problem”
— Nathan Tankus (@NathanTankus) Crisis Notes April 15, 2021

Larry Summers versus Dodd Frank
— Nathan Tankus (@NathanTankus) Naked Capitalism Sept 11, 2013 (added 4/26)

Recently Added

Most mornings, I read through Twitter from a list of 24 trusted principal MMT sources. Mostly academics. List here. They are a busy lot. When they link to research, commentary, explainers, etc., I send myself an email as a reminder to add the material to the site. Sometimes, I appreciate their use of twitter as teaching tool noteworthy and capture a thread. What with the expanding body of content and work I’ve missed (see below) or didn’t think — or know — to include sooner, I’m always playing catch-up. It’s both exhilarating and a little daunting. Here’s what’s caught my attention over the last few days.

Added to page on Student Debt

Complete thread here from Marshall Steinbaum (@Econ_Marshall)

Warren vs. Sanders: Inside the Progressive Debate Over the Student Debt Crisis
• Their competing plans reveal a lot about how these White House hopefuls would govern.
— Kara Voght (@karavoght) Mother Jones (@motherjones) Jan 31, 2010

Student Loan Discharged in Bankruptcy – Just a Blip, or Something Bigger?
— Michael M. Krauss, James Park, National Law Review (@natlawreview) Jan 28, 2020 h/t @RaulACarrillo

Added to Debates & Controversies
Does Modern Monetary Theory Have Any Scholarly Validity?
— John Harvey (@John_T_Harvey) Forbes (@Forbes) Jan 28, 2020 Warning: he unfortunately evokes the household budget analogy.

Modern Money Theory 101: A Reply to Critics • Key words: Modern Money Theory, Price Stability, Full Employment, Financial Stability, Money
— Éric Tymoigne (@tymoignee) and L. Randall Wray Levy Economics Institute of Bard College November 2013

How the Economists Got It Wrong
James K. Galbraith The American Prospect (@TheProspect) Dec 19, 2001