You’re welcome
On March 18, I asked these questions: PS. If you are in an investment area where liquidity doesn’t matter, say a company investing for insurance...
Author : TheMoneyIllusion
Alternatives to interest rate targeting
[Over at Econlog, I have a post explaining 3 MMT fallacies.] In my recent Mercatus paper I criticized interest rate targeting and also suggested an...
An even greater achievement
Facebook Twitter LinkedIn Tyler Cowen recently linked to this tweet: Topol describes this as a great achievement, and he’s right. (My wife used to work...
Why money matters
Facebook Twitter LinkedIn Some commenters who are sympathetic to MMT seem unfamiliar with the standard view of why money matters. They argue that swapping base...
A –> B –> C, Does A imply C?
Facebook Twitter LinkedIn I believe the answer is yes, due to “transitivity”. But what do MMTers believe?Let’s say A is: Big open market operations occur...
Trump concedes I was right all along
Facebook Twitter LinkedIn This: In Thanksgiving Message, Trump Says ‘We’re Like a Third-World Country’ Yes, we are. And what a lovely Thanksgiving message. We deserve...
Stop obsessing over interest rates
I have a new Mercatus working paper explaining why monetary economics needs to stop focusing on interest rates. Of all the economics papers that I...
I shouldn’t, but no two people on Earth are more deserving
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MMT bleg
Facebook Twitter LinkedIn Modern Monetary Theory is a term that one encounters with increasing frequency. It is often applied to a specific policy, such as...
Something I never thought possible
Facebook Twitter LinkedIn Here’s the Washington Post: But on Sunday, Guiliani and Ellis distanced themselves from Powell.“Sidney Powell is practicing law on her own,” Giuliani...