Category Archives: Capital controls

Operationalising core MMT principles – Part 2

This is the second and final part of this cameo set, which aims to clear up a few major blind spots in peoples’ embrace with Modern Monetary Theory (MMT). This is all repetition. I don’t apologise for that and it … Read the rest of this entry »

Posted in Capital controls, Central banking, Fiscal Statements, Job Guarantee | 24 Comments

There is no internal MMT rift on trade or development

I was going to write about Jamaica today but this topic emerged that I thought I should deal with before I write about the home of reggae. In fact, some of the material is input into a reasoned discussion about … Read the rest of this entry »

Posted in Capital controls, Economics, Fiscal Statements, Framing and Language, IMF | 36 Comments

Britain should reject the Brexit ‘agreement’ but proceed with the exit

It is Wednesday, and only a short blog post beckons today. I have restrained myself from commenting on Theresa May’s unbelievable Brexit deal, which has the dirty paws of the European Commission all over it. Regular readers will know that … Read the rest of this entry »

Posted in Britain, Capital controls, Demise of the Left, Fiscal Statements, Framing and Language, Politics, Reclaim the State, UK Economy | 24 Comments

MMT and the external sector – redux

This blog post is written for a workshop I am participating in Germany on Saturday, October 13, 2018. The panel I am part of is focusing on external trade and currency issues. In this post, I bring together the basic … Read the rest of this entry »

Posted in Capital controls, Debriefing 101, Fiscal Statements | 101 Comments

MMT is just plain good economics – Part 3

This is the third and final part of this series where I examine claims made by senior advisors to the British Labour Party that a fiscal policy that is designed using the insights provided by Modern Monetary Theory (MMT) would … Read the rest of this entry »

Posted in Britain, Capital controls, Fiscal Statements, Framing and Language, Job Guarantee, UK Economy | 57 Comments

The Left propaganda that the state is powerless – continues

When we published our latest book – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World – last September, Thomas Fazi and I approached the UK Guardian to see if they would publish an Op Ed by … Read the rest of this entry »

Posted in Capital controls, Demise of the Left, Reclaim the State | 24 Comments

My response to a German critic of MMT – Part 1

Makroskop is a relatively new media publication in Germany edited by Heiner Flassbeck and Paul Steinhardt. It brings some of the ideas from Modern Monetary Theory (MMT) and other analysis to German-language readers. It is not entirely sympathetic to MMT, … Read the rest of this entry »

Posted in Capital controls, Debriefing 101 | 54 Comments

Prime Minister Corbyn should have no fears from global capital markets

It is clear that the British Tories are looking like the tawdry lot they are as the infighting over the leadership goes on, more often rising to the surface these days as wannabees circle the failing leader Therese May. Her … Read the rest of this entry »

Posted in Britain, Capital controls, IMF, UK Economy | 31 Comments