Tags » Macroeconomics

Modern Monetary Theory and inflation - Anwar Shaikh's critique

Last week I posted several times on Modern Monetary Theory (MMT), a set of ideas which seems to have plenty of support, or at least generates plenty of debate, judging by its presence on the internet. 1,402 more words

Political Economy

Some remarks on MMT and Marxism - via Radical Political Economy

Continuing this week’s slightly eclectic series of posts on Modern Monetary Theory, here is a repost of a repost(!) of some thoughts on MMT and Marxism by blogger Scott Ferguson, via the Union for Radical Political Economy blog. 63 more words

Political Economy

L. Randall Wray - Why don't economists and politicians get MMT?

A short video featuring L. Randall Wray, one of the leading proponents of Modern Monetary Theory. He discusses the reasons why economists and politicians struggle to understand it, and why non-economists, particularly those working in financial markets, apparently do not have this problem. 26 more words

Political Economy

Michael Hudson on Modern Monetary Theory

There is an enormous amount of information across the internet on Modern Monetary Theory (MMT). A search in google gives around 2.6 million results, while that for post-Keynesian produces a mere 974 thousand! 875 more words

Economics

Yanis Varoufakis explains debt deflation

A short video featuring the ever-engaging Yanis Varoufakis, self-styled ‘erratic Marxist’ and former finance minister of Greece. Here he explains the process of debt deflation which, during the eurozone crisis, has hit Greece hard. 29 more words

Economics

Has Bitcoin come of age?

Macro Letter – No 81 – 21-07-2017

Has Bitcoin come of age?

  • Bitcoin (BTC) has tripled and then halved since late March
  • Even at BTCUSD 2000 total issuance amounts to $33bln…
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