Modern Monetary Theory (MMT) is a fairly new school of economic thought that is built upon a functional description of how currency issuer treasuries and central banks actually add money to and remove money from the economy. It also takes into account how the commercial banking system shapes the economy.
Who figured out Modern Monetary Theory? When? How?
Modern Monetary Theory is an economic school of thought that starts with the fiscal operations whereby currency issuer Treasury Departments and Central Banks add money to the economy and take money out. It also take into account how the commercial banking system shapes the economy. The first published book describing this was published in 1993. […]
Who is this Warren Mosler fella? And why did he inflict MMT on us?
The most interesting thing, at least to me, about the story of Warren Mosler and the development of MMT (Modern Monetary Theory) is that at the time, calling him an economist was a stretch. While it’s true he graduated with a BA in Economics from the University of Connecticut, he graduated with a 2.5 GPA […]
Who else in the MMT universe is worth paying attention to? Part 1
Since Warren Mosler accidently created this MMT thing, what is considered to be a new school of economic thought (or perhaps it’s a subset of the post Keysenians school – I’m not sure), it has come to the attention of what I’ll call “real” economists, by which I mean people with PhDs who teach economics […]
Who else in the MMT universe is worth paying attention to? Part 2
Since Warren Mosler accidently created this MMT thing, what is considered to be a new school of economic thought (or perhaps it’s a subset of the post Keysenians school – I’m not sure), it has come to the attention of what I’ll call “real” economists, and political economists, and others, by which I mean people […]
Who else in the MMT universe is worth paying attention to? Part 3
Since Warren Mosler accidently created this MMT thing, what is considered to be a new school of economic thought (or perhaps it’s a subset of the post Keysenians school – I’m not sure), it has come to the attention of what I’ll call “real” economists, and political economists, and others, by which I mean people […]
Who else in the MMT universe is worth paying attention to? Part 4
Since Warren Mosler accidently created this MMT thing, what is considered to be a new school of economic thought (or perhaps it’s a subset of the post Keysenians school – I’m not sure), it has come to the attention of what I’ll call “real” economists, and political economists, and others, by which I mean people […]
Who else in the MMT universe is worth paying attention to? Part 5
As I stated when I first mentioned Nick Hanauer a few posts ago, he is NOT an economist and he is NOT an MMT guy. So why is he on this list? Why is he mentioned in this blog at all? Because what he’s doing is incredibly interesting (at least to me) and has the […]