MMT Archive

Rising Deficits Pose Major Threat to Economy: Bernanke

Not much progress here: Rising Deficits Pose Major Threat to Economy: Bernanke By Jeff Cox Feb 2 (CNBC) — Rising federal budget deficits are posing a significant threat to the U.S. economy and are likely to cause a crisis if not brought under control, Federal Reserve Chairman Ben Bernanke told Congress Thursday. ...Read More

The Fed is Starving Economy of Interest Income – US Business News Blog – CNBC

The Fed is Starving Economy of Interest Income By Warren Mosler He left out the part about needing a fiscal adjustment to compensate but this is part one of a three part presentation of something I wrote. ...Read More

Japan Fiscal Pressure Rises as Tax Increase Not Enough

Good luck to them: Prime minister Yoshihiko Noda told parliament that he will move to double sales tax to 10pc, saying the future of the world’s third-largest economy depends on tackling its massive public debt. Mr Noda said the country has “no time to spare” in cutting its fiscal burden. “It’s impossible ...Read More

Warren on The George Jarkesy Show

George Jarkesy Show ...Read More

Economist Warren Mosler on the economy – Part 1

Economist Warren Mosler on the economy – Part 1 ...Read More

We WON!!! MMT got everything right…EVERYTHING!!!

We WON!!! MMT got everything right…EVERYTHING!!! ...Read More

Monetary Theory, Crony Capitalism and the Tea Party

Just posted on CNBC: Monetary Theory, Crony Capitalism and the Tea Party By John Carney Dec 21 (CNBC) — The past few years have taught us a lot about the effects and operations of monetary policy in the United States. The Federal government responded to the economic downturn by spending enormous amounts ...Read More

ECB Wants New Capital Rules Amid Credit Crunch Fears

It’s supports the notion that they understand that for govt debt to go down with the current institutional structure they need private sector debt (and/or exports) to increase. However with the private sector necessarily pro cyclical (which is what Minsky boils down to), at best this policy will keep mainly keep things ...Read More

MMT to the ECB- you can’t inflate, even if you wanted to

With the tools currently at their immediate disposal, including providing unlimited member bank liquidity,lowering the interbank rate, and buying euro national govt debt, the ECB has no chance of causing any monetary inflation, no matter how hard it might try. There just are no known channels, direct or indirect, in theory or ...Read More

CNBC’s John Carney invokes MMT again

How High Should Taxes Get on the Wealthy? By John Carney Good to see John Carney invoking MMT again! My conclusion would have been with today’s shortage of aggregate demand we are grossly over taxing for inflation prevention, and so, a FICA suspension is the way to go vs a tax cut ...Read More