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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
32023 Members
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© 2020 Relevant Protocols Inc.
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“[T]he basic principle of M.M.T. is seductively simple: governments don’t have to budget like households, worrying about debt, because, unlike households, they can simply print their own money. So M.M.T. proposes that the constraint on government spending shouldn’t be debt but inflation: How much new money can you pump into the economy before prices rise?”
“[T]he basic principle of M.M.T. is seductively simple: governments don’t have to budget like households, worrying about debt, because, unlike households, they can simply print their own money. So M.M.T. proposes that the constraint on government spending shouldn’t be debt but inflation: How much new money can you pump into the economy before prices rise?”
“Stephanie Kelton, a senior economic adviser to Bernie Sanders and a professor of economics and public policy at Stony Brook University, is popular in a way that economists, almost definitionally, are not.” I know this is a bit of a flashback, but Bernie and MMT relevant.
“Stephanie Kelton, a senior economic adviser to Bernie Sanders and a professor of economics and public policy at Stony Brook University, is popular in a way that economists, almost definitionally, are not.” I know this is a bit of a flashback, but Bernie and MMT relevant.
The connections to right wing politics are really interesting. Especially these days, Republicans are a lot less concerned about spending all of a sudden. I think it’s true that fundamental debates about what to spend money on will remain, but I do think it we can benefit from these conversations being approached from the MMT perspective.
The connections to right wing politics are really interesting. Especially these days, Republicans are a lot less concerned about spending all of a sudden. I think it’s true that fundamental debates about what to spend money on will remain, but I do think it we can benefit from these conversations being approached from the MMT perspective.
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