Category: Recently Added

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)

Cory Doctorow Tweets, Talks & Writes About MMT

I’m always playing catch-up. In this case, the fun started when I more or less stumbled on Cory Doctorow wrote a good explainer about modern monetary theory from Mark Frauenfelder (@Frauenfelder) writing for BoingBoing on May 15, 2020. I added it to the News and Commentary page and then, because I’ve been reading and adding Doctorow to this site for some time, I thought to gather them all in one place and fill in with pieces I’d missed. Here then, the results of an evening browse. What I found is below the tweets, with links to the pages where they are included on this site.

While he’s been thinking and writing about MMT for several years now, on June 10, 2020, Doctorow did such a fine job of summarizing the main points on Twitter, that I wanted to capture them.
Continue reading →

#GlobalMMT

Having noticed an uptick in commentary or explainers that come from and/or are about countries — other than the US — and may not be tracked by the MMT groups in those countries; and in hopes of being useful for the lay reader, macro-curious students and journalists; we offer this page of articles in English, organized by country and publication date.

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

Recently Added

To Op-Eds and Explainers: Alexandria Ocasio-Cortez is a fan of a geeky economic theory called MMT: Here’s a plain-English guide to what it is and why it’s interesting
Jim Edwards (@Jim_Edwards) Theron Mohamed (@Theron_Mohamed) Business Insider (@BusinessInsider) March 30, 2019


Six items and a new page: On Debt & Deficit

Side Bar Menu: New Economic Perspectives, Books, #GlobalMMT, Events

Added today

To News & Op-Eds
NO MORE ECONOMIC MALPRACTICE • African-American Faith Leaders Take on the Establishment
— Delman Coates (@iamdelmancoates), Sojourners (@Sojourners), Sept 12, 2019

To Green New Deal

Green New Deal 09.13.2019 (IRVINE AUDITORIUM) from Weitzman School of Design on Vimeo.

(10:27:51)
PROGRAM
27:20 | Welcome and Opening Remarks from Wendell Pritchett, Penn Provost
36:34 | Beyond Hagiography—Mining the New Deal Legacy
Featuring Jen Light (MIT) Nancy Levinson (Places) Nicholas Pevzner (Penn) Raj Patel (Texas) Mary Annaise Heglar. Moderators Karen M’Closkey (Penn) Francesca Ammon (Penn)
4:16:23 | Radicalizing Pragmatism—The Nuts and Bolts of a Green New Deal
Featuring Rhiana Gunn-Wright (New Consensus) David Roberts (Vox) Leah Stokes (UCSB) Kerene Tayloe, Esq (WE-ACT) Moderators Allison Lassiter (Penn) Ellen Neises (Penn)
6:10:08 | Building Power—Bold Visions for a Green New Deal
Featuring Kate Aronoff (Type Media Center) Kate Orff (Columbia) Varshini Prakash (Sunrise) Stephanie Kelton (Stony Brook) Peggy Deamer (Yale/The Architecture Lobby) Moderators Daniel Aldana Cohen (Penn) Billy Fleming (Penn)
8:33:45 | Tools and Advocacy for Change
9:03:45 | Designing a Green New Deal
Featuring Jane McAlevey in conversation with Naomi Klein and Julian Noisecat