Keynesian Deficit Doves vs. MMT Deficit Owls
In a comment on another post of mine, Kelly Canfield, a blogger and commenter at FDL, asked me for the following. What I would appreciate is a simple, 3,4 bullet point method as to why I should...
View ArticleWaPo Covers MMT, But Does Its Usual Bad Job: Part Two, Inflation/Hyperinflation
This post continues the critical evaluation of Dylan Matthews’s, post published on Ezra Klein’s blog called “You know the deficit hawks. Now meet the deficit owls.” The Inflation/Hyperinflation...
View ArticleWaPo Covers MMT, But Does Its Usual Bad Job: Part Three, Banking, and Default...
This post continues my critical evaluation of Dylan Matthews’s, post published on Ezra Klein’s blog called “You know the deficit hawks. Now meet the deficit owls.” Other Issues Here’s the next exchange...
View ArticleThe WaPo MMT Post Explosion: Kevin Drum’s Take on MMT
Kevin Drum, posting in Mother Jones, also threw his hat into the ring of discussion about Dylan Matthews’s post about Modern Monetary Theory (MMT). Kevin begins by characterizing MMT as “. . . . an...
View ArticleThe WaPo MMT Post Explosion: Matthew Yglesias’s MMT
Matthew Yglesias posting in Slate, also gave us a few words on Dylan Matthews’s post about Modern Monetary Theory (MMT). He starts with this thought: ”Is the inflation of the 1970s a myth? I don’t...
View ArticleDialogues with Jamie Galbraith and the MMT Job Guarantee
A few days ago my friend Beowulf decided to exercise his wry sense of humor with this title of a post he offered for our consideration: “(MMT − JG) + Medicare for All = MMT.” Beo then goes on to talk...
View Article(MMT − JG) + Medicare for All ≠ MMT
In my last post, I discussed the first part of Beowulf’s post entitled: “(MMT − JG) + Medicare for All = MMT,” and also some dialogues between Jamie Galbraith and both TomThumb and Beowulf related to...
View ArticleBeowulf: Notes on the Miniwage
Marshall Auerback recently posted in support of raising the minimum wage, joining Jamie Galbraith in advocating for it. This caused some disagreement among bloggers sympathetic to Modern Monetary...
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The Fiscal “Cliff” and the Real Problem
so-called cliff Like many others, I’m not worried about the so-called fiscal “cliff,” and the ravages to the economy that are likely to occur if Congress doesn’t do something about it before the end of...
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Stop “the Great Betrayal”: Kabuki Update
It now looks like the big media and leaders in both parties are no longer focusing on the Government Shutdown crisis, but are now moving on to the notion that the shutdown is melding with the upcoming...
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Is the MSM Blackout on Inequality, Plutocracy, and Oligarchy Ending?
The first occurrence of this I’m aware of was Chuck Todd, reacting on his Daily Rundown show to the spectacle of Republican candidates traveling to Vegas to seek funding from Sheldon Adelson and his...
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