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Category: MMT

Stephanie Kelton Explains Taxes, Debunks National Debt Myth, Talks Dollar Depreciation

October 24, 2020October 25, 2020

Stephanie Kelton needs no introduction. The face of Modern Monetary Theory in a world suddenly

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27 Comments on Stephanie Kelton Explains Taxes, Debunks National Debt Myth, Talks Dollar Depreciation

MMT Is From Venus

September 27, 2020September 28, 2020

Analysts and, begrudgingly, mainstream economists, seem to be coming around to the notion that fiscal-monetary

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26 Comments on MMT Is From Venus

Biden Fiscal Platform ‘Not A Manifesto On Modern Monetary Theory,’ JPMorgan Says

September 9, 2020September 9, 2020

Ted Cruz on Wednesday said he doesn’t think Congress is going to pass another stimulus

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5 Comments on Biden Fiscal Platform ‘Not A Manifesto On Modern Monetary Theory,’ JPMorgan Says

‘Miserable’ Myths

August 16, 2020August 16, 2020

It’s now widely (if begrudgingly) accepted that many developed nations are engaged in a version

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5 Comments on ‘Miserable’ Myths

‘Creeping Into The Unconventional’ And Why Everything You Thought You Knew Is Wrong

June 20, 2020June 20, 2020

“There is only one way to pay.”

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20 Comments on ‘Creeping Into The Unconventional’ And Why Everything You Thought You Knew Is Wrong

Stephanie Kelton: This Is The Lesson Of The $2 Trillion Virus Stimulus Bill….

March 25, 2020March 26, 2020

“The reality is that there is almost always enough slack in the economy to allow for an expansion of federal spending (or tax cuts) without offsets”.

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10 Comments on Stephanie Kelton: This Is The Lesson Of The $2 Trillion Virus Stimulus Bill….

COVID Carte Blanche: Political Opposition To Trillion-Dollar Stimulus Crumbles In Pandemic

March 21, 2020March 22, 2020

“Certainly the rapidity of the collapse in markets and the unfolding economic slump has accelerated the policy response”.

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4 Comments on COVID Carte Blanche: Political Opposition To Trillion-Dollar Stimulus Crumbles In Pandemic

McElligott, Kolanovic And The ‘Max Pain’ Trade

February 20, 2020January 8, 2022

What could bring back September’s shock reversal?

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6 Comments on McElligott, Kolanovic And The ‘Max Pain’ Trade

Harley Bassman On QE, Demographics, MMT And Flying Pigs

January 28, 2020January 29, 2020

“I will caveat that although I am certain of the denouement, it is possible its date is vastly longer than my career”.

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2 Comments on Harley Bassman On QE, Demographics, MMT And Flying Pigs

‘This Is Not As Radical As It Sounds’: Crucial Considerations At The Policy Crossroads

December 29, 2019

“The simplicity of this approach underscores an important point”…

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8 Comments on ‘This Is Not As Radical As It Sounds’: Crucial Considerations At The Policy Crossroads

Will Printing Press-Financed Stimulus Break The Back Of The Four-Decade Bond Bull?

December 29, 2019December 30, 2019

Don’t fight the fiscal?

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10 Comments on Will Printing Press-Financed Stimulus Break The Back Of The Four-Decade Bond Bull?

Our Fiscal Future: MMT And Stimulus At The Limits Of Central Bank Omnipotence

November 27, 2019November 28, 2019

The topic du jour.

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4 Comments on Our Fiscal Future: MMT And Stimulus At The Limits Of Central Bank Omnipotence

‘It Really Is Going To End Very Soon’: Albert Edwards Talks CEOs, AOC And MMT

October 9, 2019October 9, 2019

“Monetary madness like we have never seen before”.

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1 Comment on ‘It Really Is Going To End Very Soon’: Albert Edwards Talks CEOs, AOC And MMT

‘QE Infinity’, MMT And ‘Public-Private Policy Partnerships’ For A Brave New World

October 5, 2019October 6, 2019

Exploring the future of the monetary-fiscal policy nexus.

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7 Comments on ‘QE Infinity’, MMT And ‘Public-Private Policy Partnerships’ For A Brave New World

As Trump Cheers ‘100% Correct’ John Williams, Don’t Forget The MMT Connection

July 19, 2019July 19, 2019

The irony, then, is that Trump, Bernie Sanders and AOC are to a certain extent on the same page…

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4 Comments on As Trump Cheers ‘1004 Correct’ John Williams, Don’t Forget The MMT Connection

Behold: The Most Hypocritical, Ridiculous MMT Broadside Yet

May 5, 2019November 6, 2021

Brought to you by four people who voted for Trump’s deficit-ballooning tax cut package.

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6 Comments on Behold: The Most Hypocritical, Ridiculous MMT Broadside Yet

‘Robert Cialdini Move’ Or Full-AOC? An ‘Apoplectic’ World Confronts MMT Juggernaut

May 4, 2019May 4, 2019

“The government debt and deficits scolds are just plain wrong, in our view.”

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5 Comments on ‘Robert Cialdini Move’ Or Full-AOC? An ‘Apoplectic’ World Confronts MMT Juggernaut

Harley Bassman: ‘Be Prepared For MMT To Be Implemented’

May 1, 2019November 6, 2021

“Maybe it will be different this time……not likely.”

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6 Comments on Harley Bassman: ‘Be Prepared For MMT To Be Implemented’

As Carl Icahn Joins MMT Fearmongering Party, We Promise Not To Play You An Embarrassing CNBC Clip From 2016…

April 30, 2019November 1, 2021

Just kidding! Here’s the clip.

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9 Comments on As Carl Icahn Joins MMT Fearmongering Party, We Promise Not To Play You An Embarrassing CNBC Clip From 2016…

From Lacy Hunt’s MMT Interview: ‘Nearly 100% Of Our People Would Be Miserable, Absolutely Miserable’

April 28, 2019October 11, 2021

“Suddenly we end up with President Bernie Sanders, Vice President AOC, and they appoint Professor Stephanie Kelton as the new Federal Reserve Chairman.”

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20 Comments on From Lacy Hunt’s MMT Interview: ‘Nearly 10020 Of Our People Would Be Miserable, Absolutely Miserable’

Part 2 Of The Macro Tourist’s Practitioner’s Guide To MMT

April 24, 2019April 24, 2019

“If in the coming years politicians adopt MMT policies, your outrage will do your portfolio little good.”

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8 Comments on Part 2 Of The Macro Tourist’s Practitioner’s Guide To MMT

The Macro Tourist Presents: A Practitioner’s Guide To MMT

April 23, 2019April 23, 2019

“MMT seems to evoke a visceral gagging reflex from most finance-types.”

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11 Comments on The Macro Tourist Presents: A Practitioner’s Guide To MMT

Without Further Ado, Wall Street Weighs In On MMT, Unlikely Pop Culture Phenomenon

April 8, 2019April 8, 2019

There’s good news and bad news. Which do you want first?

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6 Comments on Without Further Ado, Wall Street Weighs In On MMT, Unlikely Pop Culture Phenomenon

‘Expect The Unexpected’: One Bank Ponders Peak Plutonomy, Peak Polarization, MMT And 70% Taxes

March 25, 2019March 25, 2019

“Bulgakov’s cat, Behemoth, played chess and took trams.”

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6 Comments on ‘Expect The Unexpected’: One Bank Ponders Peak Plutonomy, Peak Polarization, MMT And 706 Taxes

Monthly Letter+

  • Lost At Sea

    March 11, 2023March 11, 2023

Week’s News

It’s Not A Wage-Price Spiral. It’s ‘Greedflation’!

March 23, 2023March 23, 2023

Fed Delivers Dovish Hike Amid Bank Crisis

March 22, 2023March 23, 2023

Xi, Putin Revel In Pageantry As Show Of Defiance

March 20, 2023March 22, 2023

The Swiss Killed The CoCos

March 20, 2023March 21, 2023

Book Closes On Credit Suisse After 167 Years

March 19, 2023March 20, 2023

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Monthly Letters

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Exiles On Main Street

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January 22, 2023February 4, 2023

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