Discover and read the best of Twitter Threads about #MMTBluePaper
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What can an economist with mainstream training learn from #MMT? I articulate my answer in a new paper titled “A Blue Paper on Modern Monetary Theory” #MMTBluePaper.
bit.ly/30puulV
Here are the background and a quick summary. 1/19
bit.ly/30puulV
Here are the background and a quick summary. 1/19
I, for one, have learned a lot. The MMT literature explores procedural, accounting, and institutional aspects of modern monetary institutions and their coordination with the fiscal authority.
An excellent bibliography of MMT can be found here
levyinstitute.org/pubs/wp_778.pdf
2/19
An excellent bibliography of MMT can be found here
levyinstitute.org/pubs/wp_778.pdf
2/19
The analysis naturally leads to a powerful message which is at the core of MMT: a government with a sovereign currency can always afford to pay in the currency it prints and it is not subjected to the same financial constraints of a household.
nyti.ms/3cScgME
3/19
nyti.ms/3cScgME
3/19
