I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year. Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it.Bill Mitchell — billy blog
Please read this blog as a continuation of last week’s – Aggregate demand – Part 4 (redux) – which sought to consolidate the edits to date on this Chapter’s material.
Aggregate demand – Part 5 (redux)