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Krugman, Helicopters, and Consolidation
By Scott Fullwiler and Stephanie Kelton Paul Krugman has a new post that explains why the debate over money- vs. bond-financing of government deficits is really much ado about nothing. In it, he...
View ArticleMore on Consolidating or Not
More on Consolidating or Not By Scott Fullwiler As Randy’s recent post on consolidating vs. not explained, a number of critics argue that consolidation doesn’t “really” happen. Of course, that’s not...
View Article“Debt-Free Money” and “ZIRP Forever”
“Debt-Free Money” and “ZIRP Forever” By Scott Fullwiler I wrote a while back about how neoclassical economists don’t realize their view that interest on reserves (IOR) stops “printing money” from being...
View ArticleKrugman Now Disagrees with His Earlier Critique of MMT
Krugman Now Disagrees with His Earlier Critique of MMT By Scott Fullwiler In a post yesterday, Paul Krugman notes the CBOs long-term projections for federal government deficits and the national debt...
View ArticleKrugman Gives DeGrauwe 2011 Credit for What MMT Has Argued for 15+ Years
Krugman Gives DeGrauwe 2011 Credit for What MMT Has Argued for 15+ Years By Scott Fullwiler In the comments section of my last post, Neil Wilson linked to this piece by Paul Krugman from last fall....
View ArticleCBO—Still Out of Paradigm after All These Years
CBO—Still Out of Paradigm after All These Years By Scott Fullwiler The Congressional Budget Office (CBO) published its long-term deficit and national debt projections last week. These are the...
View ArticleReplacing the Budget Constraint with an Inflation Constraint
Replacing the Budget Constraint with an Inflation Constraint By Scott Fullwiler Tim Worstall has a post decrying the dangers of MMT ever being used in the real world—even as he recognizes or at least...
View ArticleWhat Is Helicopter Money, Anyway?
What Is Helicopter Money, Anyway? By Scott Fullwiler Clive Crook has an interesting article in Bloomberg that I wanted to quickly touch on as it relates to a number of things that have been central to...
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Corbynomics 101—It’s the Deficit, Stupid!
Corbynomics 101—It’s the Deficit, Stupid! By Scott Fullwiler As anyone who’s followed the discussion has seen, the proposal from the newly-elected leader of the British Labor Party, Jeremy Corbyn, to...
View ArticleScott Fullwiler’s Central Banking Operations Now in Italian
Scott Fullwiler’s Central Banking Operations Now in Italian Our friends over at RETE in Italy have done it again! They have translated and posted Scott Fullwiler’s works on central banking operations...
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