Marshall Auerback — Another Blow To The Deficit Fetishists

Summary of basic MMT on the difference between currency issuer and currency users.

Macrobits by Marshall Auerback

Another Blow To The Deficit Fetishists
Marshall Auerback

Cardiff Garcia — An idea better kept in reserve

More on unanticipated consequences of negative interest rates.

The Financial Times | FT Alphaville
An idea better kept in reserve
Cardiff Garcia
(h/t Mark Thoma)

Gillian Tett — The Achilles heel of America’s financial system

The money market.

Read it at The Financial Times
The Achilles heel of America’s financial system
Gillian Tett
(h/t Yves Smith at Naked Capitalism)