My view on … modern monetary theory
The Richard J Murphy YouTube Channel and My View on … Modern Monetary Theory Richard J Murphy ________________ This post is part of an ongoing Read the full article...
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The Richard J Murphy YouTube Channel and My View on … Modern Monetary Theory Richard J Murphy ________________ This post is part of an ongoing Read the full article...
People often ask me what difference Modern Monetary Theory (MMT) would actually make in practice. The surprising answer is that, in many respects, MMT already Read the full article...
In this video, I challenge one of the most deeply embedded assumptions in modern economics: the idea that there is a shortage of money. The Read the full article...
Chair Warsh’s focus on the Fed’s balance sheet and inflation can be interpreted in many ways. One way is a money base version of the Quantity Theory. Take the Quantity Theory as an...
Many commentators here have asked for a different way to present ideas. What about this? And yes, AI was involved in this process. But the Read the full article...
This is the fourth in a series of essays on the politics of care and economics of hope. The others are listed at the end of this Read the full article...
Neil recommends permanent ZIRP https://new-wayland.com/blog/interest-price-spiral/ “ The Myth# The standard line is this from the Bank of England when we raise Bank Rate,...
This quote comes from Prof Jamie Galbraith's March 2010 article 'In defence of deficits'. The original is here. I learned of it via William Thomson's Read the full article...
The Richard J Murphy YouTube Channel Debate Ammunition Why Neoliberals Fear MMT Funding the Future | June 2026 The Video The video that this Debate Read the full article...
The Richard J Murphy YouTube Channel Debate Ammunition The MMT Source Book Funding the Future | June 2026 Today’s topic Why you need the MMT Read the full article...
A few days ago I posted an explanation of economics, based on the logic of an if/then argument. It seemed to be popular. The aim Read the full article...
Part of the problem is if the modern money description was common knowledge regarding how the bond markets really function, the finance and business press would have less to talk a...
Fiscal Dominance and the Politicization of Money Much of the contemporary debate about monetary policy focuses on technical questions: whether reserves should be scarce or abundant...
What if almost everything you’ve been told about government money is wrong? Most people are taught that governments must tax before they can spend, that Read the full article...
Most discussions about economics begin with money. I think that’s a mistake. In this video, I explain why money is not the economy, why wealth Read the full article...
Dear Bill, I have created an MMT primer: https://spaceecon.blogspot.com/2025/08/mmt-economics-primer.html?m=1 Could you please (don’t have to but could work with me) create...
I agree with the MMT proponents' assertion that "interest rates are a basic income for the rich." On the other hand, in Japan, the prevailing opinion is that the low interest rat...
Shouldn't foreign financial assets be considered a "luxury good" import and controlled accordingly?
@Peter Martin @Kazuhiro Goshima I think capital controls are a good choice for some countries. Portfolio preferences due to open capital flows can cause a currency (e.g. South K...
Two of the terms least understood in economics are fiscal policy and monetary policy. This deals with one of them.
Warsh has described himself as a student of Milton Friedman, the famed economist who said in 1963 that "inflation is always and everywhere a monetary phenomenon." Those words captu...
@ Kazuhiro Goshima <em> ' I agree with the MMT proponents’ assertion that “interest rates are a basic income for the rich.” ' </em> Yes, this has to be true over...
The Daily Telegraph claims that Britain’s £3 trillion national debt could lead to an IMF bailout. That sounds alarming. There’s just one problem with that Read the full article...
This post is one of an ongoing series explaining Richard Murphy's views on significant topics in economics, political economy, politics, taxation, and accounting. It should be read...
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