In this chapter we are going to begin to build the necessary foundation to understand
modern money. Please bear with us. It may not be obvious at first why this is important. But …

A number of post-Keynesian authors, called the neo-chartalists, have argued that the
government does not face a budget constraint similar to that of households and that …

One of the main contributions of Modern Money Theory (MMT) has been to explain why
monetarily sovereign governments have a very flexible policy space that is unencumbered …

In recent months anybody who is anybody has had to weigh in on MMT. From Fed Chairman
Jerome Powell (who admitted he has never read anything on the topic but claimed MMT is …

One of the main contributions of modern money theory (MMT) has been to explain why
monetarily sovereign governments have a very flexible policy space. Not only can they issue …

Modern money theory (MMT) synthesizes several traditions from heterodox economics. Its
focus is on describing monetary and fiscal operations in nations that issue a sovereign …

Keynesian (or Kaleckian) logic leads post Keynesian economists to presume that a variation
of state revenues from taxes and sales of Treasury bonds are the result of a variation in state …

Zusammenfassung Die Modern Monetary Theory (MMT) ist nicht zuletzt durch die hohen
Defizite und Staatsschulden in der Folge der Corona-Pandemie populär geworden. In …

This paper explores the effects of government debts and deficits on long-term interest rates
under different international monetary systems from the perspective of monetary sovereignty …

El esfuerzo intelectual que se realizó en el campo de la física tras la aparición de la teoría
de la relatividad o del modelo copernicano, no se llevó a cabo en la economía tras la …