02. Essential Features of Modern Money
04. Fiat Money
05. National Economy: Accounting Algebra
06. Deficit Spending 101 Part 1
08. What the Government Budget Constraint means
09. Deficit Spending 101 Part 2
10. Deficit Spending 101 Part 3
11. The role of the Central Bank (Federal Reserve)
13. Budget Surpluses are not National Savings
14. Will we really pay higher interest rates?
15. Will we really pay higher taxes?
16. How large of a deficit is acceptable?
17. Fiscal Sustainability 101 Part 1a
18. Fiscal Sustainability 101 Part 1b
19. Fiscal Sustainability 101 Part 2a
20. Fiscal Sustainability 101 Part 2b
21. Fiscal Sustainability 101 Part 3a
22. Fiscal Sustainability 101 Part 3b
23. Fiscal Sustainability 101 Part 3c
24. Fiscal Sustainability 101 Part 3d
25. A Simple Business Card Economy
27. Zimbabwe’s Hyper-inflation
28. Russia a victim of the peg
29. Argentina’s Hyper-inflation
30. Quantitative Easing Explained Correctly
31. Quantitative Easing is Bodgy
33. NAIRU is a myth
34. Full Employment with a Job Guarantee
35. Structural Deficits – the great con job!
36. Stock Flow Consistency Part I
37. Stock Flow Consistency Part II
38. How Money Works
39. Cause of Mass Unemployment (includes the Mechanics of Bonds)
42. Fallacy of Composition: Fiscal Austerity
44. Job Guarantee & Inflation Control
45. Natural Rate of Interest is Zero
46. Myth of the Money Multiplier
48. A Brief for Any Future Federal Government
49. Trade & Current Account Balance Explained
50. The Great Recession Explained
I hate Bill Mitchell’s writing style. He hardly uses “,” and he stretches sentences way too much. And sometimes he uses confusing link words in order to connect his ideas. Nevertheless, he is a brilliant thinker. But I find Warren Mosler, Wray,Galbraith, Hudson, and Fullwiler as easier to read.
I’m Australian based and until Peter Cooper (heteconomist.com) came along, Bill Mitchell was the only one talking relevantly about Australia. I believe PeterMartin2001 is also Australian based but also mentions a lot about the UK (dual citizen I think).
I didn’t know Peter Cooper was australian. I agree with you. Bill Mitchell is one of the founders of MMT; he certainly made it popular in the blogosphere.
Crowding out is real!!! Affluent are crowding out public interest and needs of the poor because of broken policies. Public needs to reclaim authority over its money, stop serving the whims of the rich.
“Crowding out” is used in many different senses. Please continue to read the articles in full to understand what is meant by Crowding out here.
What Senexx said.
Also, recent independent IMF study (all competent research does not automatically represent IMF views) found that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt.
I was trying to turn the concept of crowding out on its head. You guys are awesome! I will keep reading.
I was trying to turn the concept of crowding out on its head. U guys are awesome. I’ll keep reading.
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