THE INET BRETTON WOODS CONFERENCE DOES MMT & FUNCTIONAL FINANCE
We’re no longer just a bunch of theorists. MMT is like a severely undervalued and underappreciated stock that will only gain more and more prominence in the coming years as [ … ]
Practical Views on Money
We’re no longer just a bunch of theorists. MMT is like a severely undervalued and underappreciated stock that will only gain more and more prominence in the coming years as [ … ]
Just passing this comment along from the always excellent blog of Steve Randy Waldman. He touches on MMT today:
Warren Buffett is still traveling through Asia and still giving interviews. This one is particularly good. Mr. Buffett sat down with Guy Rolnik of The Marker for some in-depth questions [ … ]
Consumer credit continues to show some marginal signs of life as the Fed reports that total consumer credit rose by $1.4B in November. The gains were led by continuing strong auto sales. Revolving credit continued to deteriorate at a -6.3% annual rate.
1) The Competition for Worst Ideology is Heating Up There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has [ … ]
Mainstream macroeconomics tells us that governments need to sell bonds to fund their spending. That is, they obtain money by selling bonds. This removes liquidity and “sterilizes” the impact of [ … ]
One of the most valuable lessons from the Financial Crisis was that banks don’t lend their reserves to non-banks in the way that the textbook money multiplier implied. This had [ … ]
Here are some things I think I am thinking about. 1) 60/40 Stocks/Bonds – Where did this idea come from? Here’s Corey Hoffstein on Twitter asking where did the 60/40 [ … ]
I’ve never been a big fan of discretionary Fed policy. In my opinion the overnight rate is something that should be automated rather than being controlled by the subjective views [ … ]