Thanks, Cullen!!! MMT, The Euro And The Greatest Prediction Of The Last 20 Years? By Cullen Roche November 7 (Seeking Alpha) —Being right matters. This isn’t emphasized quite enough in the finance world and in economics in general. Too often, bad theory has led to bad predictions which has helped contribute to bad policy. While […]
Tag Archives: Modern Monetary Theory
MMT history and overview
Excellent post from Johnsville: Modern Monetary Theory (MMT) in a Nutshell A rampaging mutant macroeconomic theory called Modern Monetary Theory, or MMT for short, is kicking keisters and smacking down conventional wisdom in economic circles these days. This is because an energized group of MMT economists, bloggers, and their loyal foot soldiers, lead by economists […]
Modern Monetary Theory: The Last Progressive Left Standing
Modern Monetary Theory: The Last Progressive Left Standing By Warren Mosler
Philadelphia Fed survey, existing home sales, leading indicators all disappoint
Typical street review of today’s numbers from Goldman. As suspected, look for continued downward revisions to initial 4% Q2 estimates. And note the graph below showing employment as a % of the population. The economy continues to be demand constrained at very low levels. (That is, for the size govt we have, we are grossly […]
Warren’s latest presentation
Attached is a copy of a presentation that Warren delivered yesterday in Montreal. We were extremely well received and Warren was a huge hit, mixing a concoction of high dose monetary economic realities with real life experiences and anecdotes from his long and lustrous career as a market wizard. The presentation was scheduled for 45 […]
Highlighted comment
Colin Kendall Says: November 4th, 2010 at 10:36 am I am a new convert to the ideas of MMT. As a British Mensa member, it is quite embarrassing for me to admit that for the first sixty years of my life I believed every one of Warren’s Innocent Frauds.
MMT and Fed/Treasury operations
Excellent- an instant classic! Modern Monetary Theory—A Primer on the Operational Realities of the Monetary System By Scott Fulwiller