Category Archives: Macroeconomic policy

The #MMT Case for Progressive Taxes

MMT advocate typically shy away from calling for progressive taxes. A case as to why that’s a lost opportunity.

Bill Black: The Day Orthodox Economists Lost Their Minds and Integrity (#MMT)

Chronicling and debunking more scurrilous attacks against MMT.

Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices

A high-level discussion of some of the operational issues posed by a Green New Deal.

Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT

Funny how considering MMT brings out the worst in some people….

MMT Responds to Brad DeLong’s Challenge

Randy Wray wades in yet again to contend with disinformation about MMT.

The EU Is Facing Gigantic Questions About Its Future That Are Hidden in Obscure Bank Policy Decisions

The ECB again rides in to try to paper over fundamental problems with the EU’s structure and to offset is austerity bias by restarting QE. But the EU needs more government spending. Will it take another crisis to get there?

Money, Digital Cash and Cryptocurrencies: Privacy Matters

Using laboratory experiments, the column shows that privacy matters, and increases the overall appeal of money.

Bill Black: MMT Takes Center Stage – and Orthodox Economists Freak

On the remarkable surge of interest in and attacks against MMT by mainstream economists and pundits.

Can the US Treasury Run Out of Money When the US Government Can’t?

Debunking some arguments against MMT by explaining why the US Treasury can’t run out of money.

The Incoherence of Larry Summers, a Serious Economist

Larry Summers as a negative indicator.

The Green New Deal: Just Focus on What We Do, Not How We Pay for It

The debate over the Green New Deal reinforces why government policy should focus on real resource constraints.

Randy Wray: Response to Doug Henwood’s Trolling on MMT in Jacobin

Doug Henwood’s intellectually dishonest attack on MMT sadly shows how many soi-disant progressives are in fact hostage to neoliberal ideas.

Warren Buffett Denounces Deficit Hawkery in His Latest Shareholder Letter

Warren Buffett hasn’t yet become an MMT advocate, but he’s officially decided that worrying about Federal deficits is besides the point.

Bill Black: Modern Monetary Theory Is On the March (#MMT)

A recent Wall Street Journal article that tried debunking MMT effectively supported it.