Bill Mitchell

Bill Mitchell:

• When two original MMT developers get together to discuss their work
• The historical beginning of the MMT team
• For MMT
• Seize the means of production of currency
• Bank loans create deposits not the other way around. Reserve balances have nothing to do with this
• What would happen if a sovereign currency-issuing government runs a fiscal deficit without issuing debt?
• Lending is capital- not reserve-constrained
• Any increase in money supply is absorbed by unemployed and unutilized capacity
• Flow-of-funds and sectoral balances
• Sectoral balances – Part 1
• Sectoral balances – Part 2
• Sectoral balances – Part 3
• Fiscal sustainability 101 – Part 1
• Deficit spending 101 – Part 1
• Buffer stocks and price stability – Part 1
• Taxpayers do not fund anything
• OMF – paranoia for many but a solution for all
• Deficits are our saving
• Modern monetary theory and inflation – Part 1
• The full employment fiscal deficit condition
• Governments do not need the savings of the rich, nor their taxes!
• Framing Modern Monetary Theory – Presentation
• Interview: Demystifying Modern Monetary Theory
• On money printing and bond issuance – Part 1
• Japan again demonstrates basic errors in mainstream macroeconomic theory
• Inverted yield curves signalling a total failure of the dominant mainstream macroeconomics
• Has real wages growth outstripped productivity growth or not? – Part 1
• When old central bankers know what is wrong but can’t bring themselves to saying what is right
• Trade and external finance mysteries – Part 1
• MMT and the external sector – redux
• Ultimately, real resource availability constrains prosperity
• We should ban financial speculation on food prices
• Food speculation should be (mostly) banned
• Balance of payments constraints