Bond Economics

One of the unusual things about Modern Monetary Theory is that many non-MMTers have a hard time understanding what it is. Although it would ...

I ran into a pair of MMT critiques recently. Since I am writing a chapter on MMT criticism, I want to see whether I can use them as materi...

One relatively common complaint that I have seen is that Modern Monetary Theory should be ignored because fiscal policymakers cannot be tr...

The discussion of the role in unemployment is a key theoretical divide between Modern Monetary Theory and mainstream approaches. Theoretic...

Yet another MMT book is out in North America: The Case for a Job Guarantee, by Pavlina R. Tcherneva  (Amazon affiliate link). The book doe...

Work is proceeding on my "MMT primer" manuscript. One chapter I am working on (in parallel with the labour market analysis) are ...

My view is that changes in structure in the labour markets that started in the 1980s – but kicked into gear in the early 1990s – explain the...