An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
He hit the high spots, Mike. I would call this blog applied MMT, since it presumes that a person have a grasp of MMT already. I see this a "big picture" blog rather than as about teaching the principles of MMT.
MMT really boils down to how the monetary system actually works, the sectoral balance approach, and functional finance. But how this relates to the big picture of developments in the global economy, regional and national economies, and currency issuers v. currency users has to be teased out day to day in terms of events.
Traders will of course do this wrt markets, and we some of that here but the larger issue is the overall trends that influence events. I don't think anyone else is attempting to view this comprehensively from an MMT vantage.
I also think that it is important that we emphasize the institutional aspect of MMT, which many people don't notice or don't focus on, even though it is a key aspect of MMT. How many times does Warren say, for instance, "It's the institutional arrangements."
Hey Guys, just saw this post (ha). I think the thing with Cullen and why he draws so many new eyes is because he makes his posts easy for the new guy to understand. That's what drew me on. I can't imagine reading Bill Mitchell's posts when I was first starting with MMT.
But In the future, I'll list this site as an MMT Resource ;) BTW Mike, great interview on RT the other day.
6 comments:
Why didn't he list Mike Norman Economics as an MMT resource? :(
He hit the high spots, Mike. I would call this blog applied MMT, since it presumes that a person have a grasp of MMT already. I see this a "big picture" blog rather than as about teaching the principles of MMT.
MMT really boils down to how the monetary system actually works, the sectoral balance approach, and functional finance. But how this relates to the big picture of developments in the global economy, regional and national economies, and currency issuers v. currency users has to be teased out day to day in terms of events.
Traders will of course do this wrt markets, and we some of that here but the larger issue is the overall trends that influence events. I don't think anyone else is attempting to view this comprehensively from an MMT vantage.
I also think that it is important that we emphasize the institutional aspect of MMT, which many people don't notice or don't focus on, even though it is a key aspect of MMT. How many times does Warren say, for instance, "It's the institutional arrangements."
You're right, Tom. Actually I was just kidding; I'm happy to see MMT spread no matter where the learning comes from.
Tom, I visit here regularly to keep up with the wide range of interesting posts and links provided. It is an excellent and thought-provoking resource.
Hey Guys, just saw this post (ha).
I think the thing with Cullen and why he draws so many new eyes is because he makes his posts easy for the new guy to understand. That's what drew me on. I can't imagine reading Bill Mitchell's posts when I was first starting with MMT.
But In the future, I'll list this site as an MMT Resource ;)
BTW Mike, great interview on RT the other day.
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