Browsing Tag
MMT
17 posts
The MMT Question – So, What Tax Rate Would Solve Zimbabwe’s 500% Inflation Rate?
As we all know modern monetary theory gives us the out against austerity. No government needs to be…
The Laffer Curve Constraint Upon Modern Monetary Theory
A little thought about that Modern Monetary Theory. You know, this idea that government doesn’t actually need to…
Another Point Of Failure In Modern Monetary Theory
Argentina is just coming up to its ninth default: Argentina is teetering on the brink of its ninth…
A Sad Lesson For Modern Monetary Theory
The governments of the world are spending trillion upon trillion of newly invented money. Just like that Modern…
A Significant Problem With Modern Monetary Theory
We are continually told that Modern Monetary Theory changes everything. As governments can just keep printing money therefore…
Not Learning The Lesson Of The Weimar Inflation
The Sage of Ely tells us that tripling and more the money supply won’t lead to inflation: One…
A Small Warning For Modern Monetary Theory Enthusiasts
There are things about Modern Monetary Theory that are entirely true. For example, it is indeed a veracious…
Sorry MMTers – Banks Do Not Create Money
There’s a much easier manner of explaining why banks don’t just create money. Which is to note that…
What is Modern Monetary Theory?
Modern Monetary Theory is, in one sense, just reality. In the other and more important discussion MMT is…
Deficits, National Debts Do Matter – Interest Rates And Debt Spirals
One of the wilder Modern Monetary Theory contentions is that national debts simply don;t matter. Just keep printing…