I joined the great Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots Podcast to discuss MMT. We covered my journey learning MMT during the financial crisis, the good in [ … ]
Category: Most Recent Stories
Three Things I Think I Think – Yield Curves and Stuff
Here are some things I think I am thinking about: 1) Ahhhh, the yield curve inverted again! There have been lots of scary articles about how the yield curve is [ … ]
An Open Letter to the US Senate – Vote No on Stephen Moore
To The Senators of the United States of America: This letter will be a swift and thorough explanation for why voting NO on Stephen Moore should be one of the [ … ]
The Shortest (and Best) MMT Primer You’ll Ever Read
NB – About 10 years ago I wrote an MMT primer after first being introduced to the theory. I initially thought the theory was coherent and operationally sound, but it [ … ]
Is Government Debt “Equity”?
I’ve noticed a trend in some economic circles that seems to stem from the Positive Money and MMT people – this idea that government “debt” is “equity”. While the taxonomy [ … ]
Reconciling Krugman vs Kelton
Warning – This is going to be another nerdy one. I apologize in advance.
MMT’s True Colors Appear
Modern Monetary Theory, aka MMT, has hit the mainstream and some Liberal politicians like AOC are giving it full-throated endorsements. I need to stop playing Mr. Politically Correct with this [ … ]
Three Things I Think I Think – Buffett Letter Edition
The 2018 Berkshire Hathaway letter to shareholders is 14 pages of the usual goodness, but I wanted to skip right to the end and all the best stuff. Over pages [ … ]
Banning Stock Buybacks is Stupid
(I did a quick hit on Bloomberg TV yesterday discussing buybacks, but I wanted to dive in in a bit more detail. You can see my brief comments here at [ … ]