OK I’m just going to say it.
I hope Stephanie Kelton’s book, ‘The Deficit Myth’ is selling well enough that it’s …
(wait for it)
printing money for her.
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
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 IV • Part V
— Scott Fullwiler (@STF18) New Economic Perspectives Dec 2012 – Jan 2013
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
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
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
Hopefully, the drumbeat is growing loud enough to result in a federal policy that lifts many boats.
The Case For Cancelling Student Debt
— Marshall Steinbaum (@Econ_Marshall) The Appeal (@TheAppeal) Jan 14, 2021
Raúl Carrillo on MMT’s Connection to Student Debt
— Sparky Abraham (@SparkyAbraham) Current Affairs (@curaffairs) Feb 9, 2021
Added to the collection of research, proposals and commentary on our college debt cancellation page, here.
In order to restore the U.S.public higher education system to a condition fit for purpose throughout the coming “Decade of the Green New Deal,” …decisive action must be taken early to rollback neoliberal reforms and restore social, economic, and environmental justice to college and university campuses, campus workers, and students.”
Performative Public Finance for Higher Education: Academic Labor and the Green New Deal, from William O. Saas, Scott Ferguson in Liminalities
Feb 2021: Rep. Ayanna Pressley, D-MA 07, introduced a House Resolution recognizing the duty of the federal government to create a federal job guarantee.Read it here. We’ll see what happens next.
Money on the Left — Maxximilian Seijo and Andrés Bernal reflect on this historical moment in intersectional left-wing activism.Feb 18, 2021 (21:28)
Congress’ failure to extend the stimulus reveals a broken safety net, but a jobs guarantee could wipe out unemployment for good • Pavlina Tcherneva, a Bard professor and one of the economists pioneering research into Modern Monetary Theory, said federally guaranteed jobs may address poverty and help communities better than universal basic incomes.
— Allana Akhtar (@allanaakh) Business Insider (@businessinsider) July 31, 2020
Added to our Job Guarantee page, here.
Miami-Dade Young Democrats (@MDYDemocrats) leadership talk with former banker and investor Warren Mosler (@WBMosler) about the intricacies of fiscal and monetary policy. feb 16, 2021 (01:33:00) Some technical rough spots.
You must be logged in to post a comment.