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Showing posts with label Abba Lerner. Show all posts
Showing posts with label Abba Lerner. Show all posts
Thursday, May 30, 2019

Stephanie Kelton — Modern Monetary Theory Is Not a Recipe for Doom

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In this post, Stephanie Kelton takes on Paul Krugman. She appears to agree with Paul Krugman's assumption that monetary policy that is...
3 comments:
Sunday, April 14, 2019

Lars P. Syll — Functional​ finance — how to cope with inflation

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Abba Lerner quote. Lars P. Syll’s Blog Functional​ finance — how to cope with inflation Lars P. Syll | Professor, Malmo University
4 comments:
Friday, April 5, 2019

Lars P. Syll — The money ‘trick’

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"Modern money" is state money. Abba Lerner explains the "trick" by which a state creates its money. Imposing taxes and a...
4 comments:
Tuesday, February 26, 2019

Michael Roberts — MMT, Minsky, Marx and the money fetish

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This is a good historical backgrounder and it should be read for that reason alone. But Michael Roberts also brings up other issues that ...
2 comments:
Friday, January 25, 2019

Bill Mitchell — Operationalising core MMT principles – Part 2

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This is the second and final part of this cameo set, which aims to clear up a few major blind spots in peoples’ embrace with Modern Monetar...
Monday, January 21, 2019

Brad DeLong — By Popular Demand: What Is “Modern Monetary Theory”?

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In most ways, Modern Monetary Theory—Functional Finance—is just macroeconomic common sense: We do not like high unemployment. We do no...
12 comments:
Thursday, August 9, 2018

Lars P. Syll — Abba Lerner and the nonsense called ‘Ricardian equivalence’

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Abba Lerner versus Robert Barro. Lars P. Syll’s Blog Abba Lerner and the nonsense called ‘Ricardian equivalence’ Lars P. Syll | Professor,...
3 comments:
Sunday, August 5, 2018

Brad DeLong — Sunday Morning Twitter: Functional Finance/A Better World Is Possible Tweeting...

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This is a good Twitter thread and I suggest reading it. I am sure MMT economists will jump in. Here's an excerpt. ...  Brad DeLo...
5 comments:

Lars P. Syll — Rethinking public budget

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The balanced budget paradox is probably one of the most devastating phenomena haunting our economies. The harder politicians — usually on t...
4 comments:
Wednesday, February 28, 2018

Tom Streithorst — The Radical Left-Wing Theory That the Government Has Unlimited Money

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Everyone knows governments need to tax before they can spend. What Modern Monetary Theory presupposes is, maybe they don't. Surprising...
27 comments:
Friday, December 22, 2017

Lars Syll — If only Trump had read Abba Lerner!

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Keeper Lerner quote. I would not limit it to Trump, but extend it to almost the entire economics profession and policy advisers. If the...
34 comments:
Sunday, August 27, 2017

Lars P. Syll — Abba Lerner and functional finance

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Must-read for anyone interested in MMT. Lars P. Syll’s Blog Abba Lerner and functional finance Lars P. Syll | Professor, Malmo University
4 comments:
Tuesday, March 22, 2016

Brad DeLong — Yes, expansionary fiscal policy in the North Atlantic would solve many of our problems. Why do you ask?

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Brad DeLong on MMT as functional finance. In my view, the economics of Abba Lerner—what is now called MMT—is not always right: It is not ...
4 comments:
Monday, February 1, 2016

James Montier — Market Macro Myths: Debts, Deficits and Delusions

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In the context of the role that debts and de cits play in overall economic policy, in this paper I focus on the philosophy known as “sound...
1 comment:
Sunday, January 17, 2016

Bill Mitchell — Currency-issuing governments have unlimited financial resources to fight recession

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The elites are gathering for another junket aka the World Economic Forum, in the frosty, but salubrious surrounds of Davos this week (Janua...
1 comment:
Tuesday, December 1, 2015

Bill Mitchell — Recessions are always a problem and can always be avoided

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There was an article in the Fairfax press this morning (December 1, 2015) – ‘Australia headed for recession’: Yanis Varoufakis, former Gree...
Tuesday, September 8, 2015

Brad DeLong — Must-Read: Has Simon Wren-Lewis just become a Lernerian--a devotee of and an evangelist for MMT?

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Has Simon Wren-Lewis just become a Lernerian--a devotee of and an evangelist for MMT? It looks to me as though that is the case! Mirabile v...
7 comments:
Wednesday, September 2, 2015

Bill Mitchell — There is no need to issue public debt

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This blog was drawn, in part, from an edited version of a submission that I made with Warren Mosler in 2001 to the Commonwealth Debt Inquir...
7 comments:
Monday, August 31, 2015

Jesse Livermore — Fiscal Inflation Targeting and the Cost of Large Government Debt Accumulation

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The insight that fiscal policy can be used to manage inflation, in the way that monetary policy is currently used, is not new, but is attri...
30 comments:
Tuesday, August 25, 2015

Winterspeak — Krugman out of paradigm

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Warren Mosler versus Paul Krugman. in which Mosler wins. A lifetime ago, Krugman wrote that mathematical models were useful because they t...
1 comment: