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Money, fiscal policy, and interest rates: A critique of
Modern Monetary Theory Abstract This paper excavates the set of ideas known as
modern monetary theory (MMT).
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modern monetary theory (MMT). The principal conclusion is that the macroeconomics of MMT is a restatement of elementary well-understood Keynesian macroeconomics. Firstly, your humble writer, who was distracted first by untimely (though much enjoyed) reserve duty, and then quite a heavy workload, failed to convey his profound and (at the time) prophetic commentary on important recent events; Putin and Ukraine, the capture of El Chapo, and so forth. ebook Modern Monetary Theory txt download The posts from the
MMT Primer series have been collected and organized into Randy’s latest book,
Modern Money
Theory. It makes for a much more coherent read and is highly recommended for anyone seriously interested in the MMT perspective.
Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
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Modern Monetary Theory and Practice: An Introductory Text is an introductory textbook for university-level macroeconomics students. It is based on the principles of
Modern Monetary Theory (MMT) and includes the following detailed chapters: Chapter 1: Introduction Chapter 2: How to Think and Do Macroeconomics Chapter 3: A Brief Overview of the Economic History and the Rise of Capitalism … By L. Randall Wray. This week we begin a new feature at New Economic Perspectives—a Primer on
Modern Money
Theory.Each Monday we will post a relatively short piece, gradually building toward a comprehensive
theory of the way that money “works” in sovereign countries.
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