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