THE FUNDAMENTAL DIFFERENCE BETWEEN AUSTRIANS AND MMT’ERS
John Carney has written a series of excellent articles pertaining to Modern Monetary Theory and why he believes there are many similarities between Austrian economics and MMT.
Search Results for: MMT
MMT, THE EURO & THE GREATEST PREDICTION OF THE LAST 20 YEARS?
* Update – It’s come to my attention that some of the statements in this piece might be somewhat misplaced. Many different economists have contacted me over the last few [ … ]
Does MMT Have a Viable Theory of Inflation?
Modern Monetary Theory is correct in stating that a sovereign currency issuer cannot “run out” of the money they alone can produce. This means that the true constraint for a [ … ]
Modern Monetary Theory (MMT) Critique
The following provides a brief overview and critique of a relatively new monetary theory called “Modern Monetary Theory”.
PAUL KRUGMAN ON MMT AGAIN….
Let’s get right to the point here. Paul Krugman is talking MMT again. And while it’s clear that he’s making a more concerted effort to understand MMT I still think [ … ]
KRUGMAN STILL DOESN’T UNDERSTAND MMT….
Dr. Krugman has once again tried to drive a stake into the MMT argument. Unfortunately, he is still entirely misinterpreting MMT. In a piece this morning he claimed that MMTers [ … ]
BUFFETT DABBLES IN MMT AGAIN…
In case you missed the news from Friday night, S&P: downgraded the USA’s credit rating. And further undermining their credibility they apparently made a substantial math error in their calculations [ … ]
My View on MMT
The concern in this environment is that Greece will merely be the first of the dominoes to drop. A mismanaged Greek default or defection could result in a chain reaction from Ireland and Portugal. So, while a Greek default wouldn’t cause an enormous strain on the banking system as a whole it has the potential to result in contagion.
WARREN BUFFETT DOES MMT
Buffett says the U.S. will not “have a debt crisis of any kind as long as we keep issuing our notes in our own currency.” Inflation resulting from a “printing press” approach, however, is a serious threat.