New Economic Perspectives
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We offer policy advice and economic analysis from a group of professional economists, legal scholars, and financial market practitioners. Dedicated to modern money theory (MMT) and policies to promote financial stability and the attainment of full employment.
New Economic Perspectives
9M ago
By J.D. ALT The theme and illustrations of this essay are from the new book “Paying Ourselves to Save the Planet.” It might seem, as we observe the U.S. government “instantly” generating $2 trillion new dollars for direct payments and ..read more
New Economic Perspectives
9M ago
By J.D. ALT It’s ironic that, at this moment, when the truthfulness and utility of modern money theory (MMT) is being publicly realized—(and even potentially implemented!)—that its singular vulnerability must emerge as a real concern: hyper-inflation. The most recent thing ..read more
New Economic Perspectives
9M ago
By J.D. ALT The last two and a half months I’ve been at work on a new book. As it evolved, I found I was approaching MMT from a new direction—one which made an explanation of MMT much less counter-intuitive ..read more
New Economic Perspectives
9M ago
Thornton Parker In the first part of this series, we explained why MMT should be seen as a political problem rather than just an educational one. In this concluding part, we will discuss where MMT promotion is most likely ..read more
New Economic Perspectives
9M ago
By Thornton Parker The way a problem is seen can determine how or even if it gets solved. When the French engineer, Ferdinand de Lesseps, was picked to build the Panama Canal, he saw it as another excavation ..read more
New Economic Perspectives
9M ago
By Thornton Parker The way a problem is seen may determine how or even if it gets solved. Global warming (GW) and climate change (CC) are going to scramble many ideas about how developed economies work. At root, GW ..read more
New Economic Perspectives
9M ago
By Michael Hoexter, Ph.D. In the final section of this essay, I will look at the combined effect of the conflicts and collusion between the two types of Machiavellian political actors that dominate the higher offices and influential media organizations ..read more
New Economic Perspectives
9M ago
By Michael Hoexter, Ph.D. While describing the machinations of the Democratic Party Establishment creates an repellent vision of political scheming and ethical compromise, today’s Republican Party is a few qualitative steps more repellent, more reactionary, and at the same time ..read more
New Economic Perspectives
9M ago
By L. Randall Wray This blog is based on the testimony I provided to the US House of Representatives. My written statement will be published in the Congressional Record (a version is also at the Levy Economics Institute: http://www.levyinstitute.org/publications/statement-of-senior-scholar-l-randall-wray-to-the-house-budget-committee. The ..read more
New Economic Perspectives
4y ago
By J.D. ALT The theme and illustrations of this essay are from the new book “Paying Ourselves to Save the Planet.” It might seem, as we observe the U.S. government “instantly” generating $2 trillion new dollars for direct payments and ..read more