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Announcing – Foundation for Monetary Studies Inc.

It is Wednesday today and a blog-lite day. An announcement and a few videos only. But plenty to occupy your time if so inclined. I have an important announcement to make, a video of our Birmingham event (May 11, 2019) and some music from one of the best guitar players. Thomas Fazi and I also have an article coming out in The Tribune magazine soon in response to a rather unsavoury and silly attack on Modern Monetary Theory (MMT) by an ex-advisor to the British Labour Party. There will also be a longer version published here in the coming days – which contains more detail. But I have to finish the edits today! So with that said …

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Travelling all day today …

I am in transit for most of today on my way back from London to Sydney after a week of presentations, meetings and discussions. A lot has been achieved I think in the last week as Modern Monetary Theory (MMT) networks expand and more activists get involved. I had a particularly interesting session yesterday in London ‘training’ MMT activists in strategies, building tools for discussion, and discussing framing and language ideas. There will be footage of that session available in due course. For now the video of my presentation in Glasgow last Thursday evening and some great Count Ossie. My blog will resume normal transmission sometime on Wednesday.

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Travelling today …

I am in transit for most of today on my way to Scotland for the first of the presentations in my current speaking tour. You can find details of all the activity during this tour on my – Events page. The blog will resurface on Thursday. But don’t despair – overleaf is a movie, some audio and some great guitar playing to while away the hours. Or there are plenty of past blog posts to re-read and think about.

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My blog is on holidays

My blog is on holiday today. And with the ridiculous temperatures (high) that we are enjoying deep into Autumn, it is all the best from my local beach (Bar Beach today). Back tomorrow.

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New Blog Theme from today

Dear Readers: I have finally been able to complete (or in the process of) a new Theme for my blog, which makes it fully responsive to different screen sizes and easier for reading. I have been trialling it for some…

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Travelling across the world today to escape the famine that MMT will cause

I am travelling all day today and I will resurface, in blog terms, on Monday. A quiz will pop up tomorrow as usual. For now a brief excursion into the Dutch press, which has decided to join the wannabees attacking Modern Monetary Theory (MMT). The scenario outlined in the article I read earlier today takes the criticisms to a new level. We are no longer worried about hyperinflation, crowding out, sky high interest rates. No, things are likely to get much worse than that. If any government takes on MMT (noting it is not a regime that can be taken on) to operationalise a Green New Deal then tax rates will have to rise to around 100 per cent, households and firms will stop working and producing, and a massive famine in possible where millions die. Sort of Project Fear stuff that has marked the Remain position in the Brexit debate!

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Event news and podcast

I am moving from well north of the Arctic Circle today to eventually get to Vienna for an event that I am talking at tonight as part of a new lecture series “Talk Europe #offenegesellschaft”. So no time to write a detailed blog post today. But I have information about the event tonight and the media for a podcast I did last week in Helsinki that should be sufficient for today. Normal transmission resumes tomorrow.

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The NAIRU/Output gap scam reprise

It is Wednesday and despite being on the other side of the Planet than usual (in Helsinki at present) I am still not intending to write a detailed blog post today. I am quite busy here – teaching MMT to graduate students and other things. But I wanted to follow up on a few details I didn’t have time to write about yesterday concerning the role that NAIRU estimates play in maintaining the ideological dominance of neoliberalism. And some more details about the Textbook launch in London on Friday, and then some beautiful music, as is my practice (these days) on Wednesdays. As you will see, my ‘short’ blog post didn’t quite turn out that way. Such is the tendency of an inveterate writer.

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Travelling mostly today … but we have events and music

Today I am in Finland after a long flight and have to catch up on things. My usual blog posting will resume tomorrow. Over the page, I have listed the speaking events that I will be involved in over the next two or so weeks. I hope to see some regulars at these events. And I will be back in early May for another solid speaking tour of Scotland and England with several opportunities to meet people and talk about MMT and the future. For now, it is cold, icy and there is a lot to organise.

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No blog post today

My usual very active life ground to a halt today as the flu bug that is working its way through the human population took me with it. Staying vertical for any length of time is quite a task. And I…

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