Scott Fullwiler tweets:
stf18: @AndrewLainton very good. don't see why you have to suggest it's a critique of mmt instead of just calling it a contribution to the lit, tho'Read it at Decision, decisions, decisions
stf18: @AndrewLainton i've done things that weren't in randy's book but i didn't refer to these as criticisms
stf18: @AndrewLainton it's stuff we've already known that's now laid out nicely thanks to you. that's good enough for me. thanks!
The Lending Power of Banks in Monetary Circuit Theory – Adding Treatment of Bank Capital
by Andrew Lainton
See also Andrew Lainton, The Point of Origin of State Money in MMT Theory