Tunisia, Fadhel Kaboub & Le Monde

Added to #GlobalMMT Commentary – Africa and Fadhel Kaboub:

Pour échapper au piège de la dette, la Tunisie doit changer de moteur économique • Alors que l’endettement public dépasse les 100 % du PIB, l’économiste Fadhel Kaboub estime que le pays est enfermé dans un cercle vicieux insoutenable.
— Lilia Blaise (Tunis, correspondance) (@liliagaida) Le Monde (@lemondefr) May 20, 2021

“To escape the debt trap, Tunisia must change its economic engine • While public debt exceeds 100% of GDP, economist Fadhel Kaboub believes that the country is locked in an unsustainable vicious circle.”

Job Guarantee, #GlobalMMT,

Added to Job Guarantee, #GlobalMMT Commentary and Fadhel Kaboub: four videos + one report back session

Four Labor and the Jobs (sic) Guarantee Webinars
Fadhel Kaboub, Sandy Darity, Sydney Ghazarian, and Kari Thompson
Dr.Darrick Hamilton
Sara Nelson, Keon Liberato, Carl Rosen, and Judy Ancel
Report Backs
Rosa Luxemburg Foundation, NY Office April 1, 2021
+
18th May Paris summit … Macron’s plan to (…) exploit its former colonies
— Serge Seppoh (@sergeseppoh) EcoBusiness May, 2021

Green New Deal: Research, Proposals, Programs, Resolutions & Commentary

A little cleanup was in order for the site’s Green New Deal page. Research, proposals, programs, resolutions & commentary are now in chronological order. While tidying up, I took another look at Green New Deal for Europe and decided to list the names (and Twitter handles) of the many editors and contributors. In the name of useful redundancy, I added the link to the #GlobalMMT Commentary page. Readers may have noticed that material concerning fiscal and monetary policy for a nation not our own, can often be quite illuminating.

I’ll add more Twitter handles as I find them, perhaps with a little help from this Tweet.

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)

But what about Weimar?

The FAQ now has a page on hyperinflation. These three added to Warren Mosler’s page, too.

Weimar Republic Hyperinflation through a Modern Monetary Theory Lens
— Phil Armstrong (@PhilArmstrong58), Warren Mosler (WBMosler) 2020

#88 Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1)
— The MMT Podcast with Patricia Pino & Christian Reilly (@MMTpodcast) Feb 17, 2021

#89 Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2)
— The MMT Podcast with Patricia Pino & Christian Reilly (@MMTpodcast) Feb 24, 2021

Functional Finance & The Debt Ratio

These folks have been hard at it for decades. Stephanie Kelton recently pointed to this from 2012-2013 and so I added it to Functional Finance and the Debt Ratio and the Scott Fullwiler page, just under his MMT 101: A thread in 25 parts.

“This five part series will explore at length (warning!) and in detail (another warning—wonk alert!) the MMT perspective on the debt ratio and fiscal sustainability. While the approach suggests a macroeconomic policy mix and strategies for both fiscal and monetary policies that most neoclassical economists currently believe are unsustainable, ultimately the MMT preference for a significant role for fiscal policy in macroeconomic stabilization is shown to be consistent with traditional neoclassical views on fiscal sustainability.”
• Part I • Part II • Part III • Part IVPart V

— Scott Fullwiler (@STF18) New Economic Perspectives Dec 2012 – Jan 2013

Kelton & Kaboub

Added to their personal pages, and to News & Commentary

The Trillion-Dollar Woman • A conversation with the economist Stephanie Kelton about the “deficit myth,” Modern Monetary Theory for dummies, and why the age of capital may finally be ending
— Anand Giridharadas (@AnandWrites) The.Ink Mar 30, 2021

“Modern Monetary Theory.” Finance Training Session, Illinois Office of the State Treasurer, 3/19/21

Biden Can Go Bigger and Not ‘Pay for It’ the Old Way • By focusing on how much revenue they hope to raise from tax increases on the well-off, Democrats risk limiting the scope of their ambitions.
— Stephanie Kelton (@StephanieKelton) New York Times April 7, 2021

Longing for Genuine Global Solidarity

Two events featuring Fadhel Kaboub. Added to #GlobalMMT Fadhel Kaboub’s page, Job Guarantee and Green New Deal.

— Fadhel Kaboub (@FadhelKaboub) Duke Undergraduate Environmental Union March 20,2021 (01:09:00)


Understanding MMT and the Job Guarantee in the Global South with Fadhel Kaboub | Including: Longing for Genuine Global Solidarity — Fadhel Kaboub (@FadhelKaboub) Verbum March 6, 2021 (02:04:18)

Bonus! Kaboub’s YouTube channel here

#GlobalMMT: Monetary Policy & Sovereignty in African Nations

Two articles and a podcast added to #GlobalMMT: Commentary re Developed and Developing Nations
The CFA Franc as a Vivid Symbol of Colonial Continuities in Francophone Africa • Monetary policy in Africa has been dominated by a consensus formed in Europe and the United States. In France’s former colonies in West and Central Africa this has helped preserve the substance of empire long after its formal end.
— Ndongo Samba Sylla (@nssylla) em>Tax Justice @TaxJustice.net 1st Quarter 2021 – pg 5

Africa’s Path Towards Resilience and Sovereignty – The Real Wakanda is Within Reach • Colonialism stripped Africa of agency and confidence as well as material resources. In this article Fadhel Kaboub sets out a path towards independence and prosperity. He calls for a thorough-going rejection of the policy prescriptions offered by the former colonial powers, a renewed faith in the energy and creativity of Africa’s peoples, and a step-by-step programme to build sovereignty through the expansion of domestic production in energy, food and value added goods.
— Fadhel Kaboub @FadhelKaboub Tax Justice @TaxJustice.net 1st Quarter 2021 – pg 14

The Spectrum of Monetary Sovereignty in Developing Nations with Ndongo Samba Sylla and Fadhel Kaboub
— Macro n Cheese: Real Progressives Podcast (53:43)

Also added to Fadhel Kaboub under Primary Sources