By J.D. ALT The theme and illustrations of this essay are from the new book “Paying Ourselves to Save the Planet.” It might seem, as we observe the U.S. government “instantly” generating ...
https://neweconomicperspectives.org/2020/04/standard-money-theory-and-the-coronavirus.html
By J.D. ALT It’s ironic that, at this moment, when the truthfulness and utility of modern money theory (MMT) is being publicly realized—(and even potentially implemented!)—that its singular...
https://neweconomicperspectives.org/2020/03/manhattan-project-to-prevent-hyper-inflation.html
By J.D. ALT The last two and a half months I’ve been at work on a new book. As it evolved, I found I was approaching MMT from a new direction—one which made an explanation of MMT much less co...
https://neweconomicperspectives.org/2020/03/standard-money-theory.html
Thornton Parker In the first part of this series, we explained why MMT should be seen as a political problem rather than just an educational one. In this concluding part, we will dis...
https://neweconomicperspectives.org/2020/03/mmt-is-a-political-problem-part-2.html
By Thornton Parker The way a problem is seen can determine how or even if it gets solved. When the French engineer, Ferdinand de Lesseps, was picked to build the Panama Canal, he sa...
https://neweconomicperspectives.org/2020/03/mmt-is-a-political-problem-part-1.html
By L. Randall Wray This blog is based on the testimony I provided to the US House of Representatives. My written statement will be published in the Congressional Record (a version is also at the ...
By L. Randall Wray First I’ll clearly state what MMT is and then outline four paths that lead to MMT’s conclusions: history, logic, theory and practice. What is MMT? It provides an … Conti...
https://neweconomicperspectives.org/2020/01/alternative-paths-to-mmt.html
By J.D. ALT With the essential collapse of the U.N. Framework Convention on Climate Change in Madrid (“Climate meeting goals go unmet” Washington Post, 12-16-19) we now approach the first day...
https://neweconomicperspectives.org/2019/12/parable-for-the-new-decade.html
Inflation & Consumption By J.D. ALT Let’s quickly recap: I outlined, in PART 3, an argument that modern society has evolved in ways that necessitates a dramatic increase in public enterprise—...
https://neweconomicperspectives.org/2019/12/the-peoples-money-part-4.html
L. Randall Wray will be providing testimony for Congress on November 20 at 10 am. The topic is the government debt and deficits. His full statement will be available at 10:30AM at the Levy Instit...