Modern Monetary Theory (mmt) group

Notices

1. magpie

   By the way, the previous comment could be of interest to MMTers !mmt

   about 15 days ago from web at Sydney, New South Wales, Australia
2. magpie

   @sean, @ramanan and !mmt gurus, I'm very interested in your opinion on the Kalecki profit equation. I've read "Where Profits come From" (Levy et al) and although I think I understand the idea, it does not fully convince me. Any insights? Hints?

   about 3 months ago from web at Sydney, New South Wales, Australia in context
3. magpie

   !mmt "MMT as an ECB Alternative: 2,181 Italians pack a Sports Arena to learn Modern Monetary Theory" http://michael-hudson.com/2012/02/mmt-theory-as-an-ecb-alternative/

   about 3 months ago from web at Sydney, New South Wales, Australia
4. magpie

   @sean and MMTers in general: follow up to the WaPo article. Matías Vernengo has his own comments and links to Dean Baker and Jared Bernstein: http://nakedkeynesianism.blogspot.com.au/2012/02/mmt-and-its-discontents.html !mmt

   about 3 months ago from web at Sydney, New South Wales, Australia
5. magpie

   @sean I agree with @senexx on this. And I'd go further: this debate has left me quite disheartened about the long-term political convenience of !mmt (not the short-term economic implications). And as you are a level-headed guy, your opinion counts a lot, to me.

   about 4 months ago from web at Sydney, New South Wales, Australia in context
6. senexx

   @sean you were very quiet on the recent !mmt JG debates - care to add any thoughts? You can see a link to practically all recent criticisms and responses here http://pear.ly/9RAb

   about 4 months ago from web at Sydney, New South Wales, Australia in context
7. magpie

   Dear all. As @sean is interested in why !mmt is so misunderstood, this post might be of some interest: "On Folly, Master Chefs and Bonhoeffer" http://aussiemagpie.blogspot.com/2012/01/on-folly-master-chefs-and-bonhoeffer.html

   about 4 months ago from web at Sydney, New South Wales, Australia in context
8. magpie

   A little "History of Modern Monetary Theory". I can't tell how accurate it is (that's up to !mmt gurus to judge) but interesting, nevertheless. http://socialdemocracy21stcentury.blogspot.com/2012/01/history-of-modern-monetary-theory.html

   about 5 months ago from web at Sydney, New South Wales, Australia
9. magpie

   !mmt A question for MMTers from Angry Bear: What Happens if IOR (interest on reserves) Goes to Zero? http://www.angrybearblog.com/2012/01/question-for-market-monetarists-and.html

   about 5 months ago from web at Sydney, New South Wales, Australia in context
10. magpie

    !mmt I thought hopefully some of the local MMT gurus could have a look at the article and then we could discuss if the error I think I found is real.

    about 5 months ago from web at Sydney, New South Wales, Australia
11. magpie

    !mmt This article came to my attention: http://www.economics.harvard.edu/files/faculty/40_whatdobudgetdeficitsdo.pdf At one stage, the author concludes that S=Y-C-G. Using then Y=C+I+G+NX, he goes on to find S=I+NX. I believe he is wrong, but as I am not an expert CONT

    about 5 months ago from web at Sydney, New South Wales, Australia in context
12. senexx

    Rearranging the equations using Algebra showing working I get (I-S)+(G-T)+(X-M)=(T-G)+(S-I)+(M-X) which is fair enough but using X-M as NX I get (T-G)+(S-I)-NX which is just confusing !mmt I get the big stuff but not the little stuff apparently

    about 7 months ago from web at Sydney, New South Wales, Australia
13. senexx

    Budget Deficit (G-T) of 4.3%, Current Account Deficit of (X-M)2.6%, what's the private sector? I got a small surplus but I had to multiply by -1 and I recall that's a bad thing. Stuck on the small things. !mmt

    about 7 months ago from web at Sydney, New South Wales, Australia
14. nathantankus

    @senexx sorry, !mmt weakest section is trade theory. Michael Hudson does fill in many of the gaps, but it's still something that needs a ton of work.

    about 7 months ago from web at New York, New York, United States in context
15. senexx

    !mmt A country that is not a big exporter has a pegged currency and goes sovereign fiat, what actions does it take to prevent importing inflation (since it'll be a net importer) or at least moderate it? !econ

    about 7 months ago from web at Sydney, New South Wales, Australia in context
16. senexx

    Bets on a rate cut? !econ !mmt

    about 8 months ago from web at Sydney, New South Wales, Australia
17. magpie

    @ramanan A nice complement to Wolf's piece. It contains some questionable ideas from an !mmt perspective. Otherwise, very good: Doom! http://www.tnr.com/article/economy/magazine/94963/economic-doom?passthru=ZTQ0NjYwNGNiYzc5MzhjYjUwN2ZlNTA0ZGNkNmIxNTQ

    about 8 months ago from web at Sydney, New South Wales, Australia in context
18. magpie

    At times hard to follow, interesting nonetheless: What is Debt? – An Interview with Economic Anthropologist David Graeber http://www.nakedcapitalism.com/2011/08/what-is-debt-%E2%80%93-an-interview-with-economic-anthropologist-david-graeber.html !mmt

    about 9 months ago from web at Sydney, New South Wales, Australia
19. nathantankus

    !mmt this is a little thing i wrote up called "the negative supply and demand effects of capital gains (and rentier income) becoming a large and growing share of total income" http://goo.gl/L8Tkv the genesis was a response to a comment on mike norman's mmt blog.

    about 9 months ago from web at Aurora, New York, United States
20. senexx

    !mmt folk should enjoy this one http://christopherjoye.blogspot.com/2011/08/us-uk-europe-and-japanese-central-banks.html have a laugh

    about 9 months ago from web at Sydney, New South Wales, Australia