Post-Monetarist Political Economy Institute

MMT Inspired Policy

The Conditions of Economic Agency

Reconceptualizing the MMT concept of monetary sovereignty.

Local Complementary Currencies: The Austin Credit

Today, the Money on the Left editorial collective published my white paper proposing a local complementary currency for the City of...

My Second Working Paper, the MMT Banking Primer, is Available Now

How the legal structure of the financial system impacts chartalism. Download the PDF for free.

How MMT Differs from Mainstream Macroeconomics: Steady-State Interest Rate Dynamics

A deep dive into implicit empirical assumptions, and why most MMT-Mainstream debates are unproductive.

Can Tinkering with Interest Rates Solve All Inflation?

How strong are the screwdrivers, and are they threaded in the right direction?

Equitable Demand Management to Reduce Inflation

Can we reduce consumption without making everyone poorer?

High Rates Fostered an Unsustainable Economy Which Turkey Must Painfully Rebuild

Years of high rates in Turkey led to foreign-denominated private debt and speculative investment. Lowering rates will hurt but is necessary.

The Cool Stuff Hypothesis Versus the Petrodollar

Why does anyone want to save in another country's currency? The answer, though simple, may surprise you.

Inflation: Causes and Remedies - A Preview to the PMPE Inflation Resistance Plan

What inflation is and where it comes from.

A response to Doug Henwood’s appearance on the 3.31.2021 episode of the Current Affairs Podcast

An in-depth response to a bad-faith critique.

Why and How to Enact Consumer-Responsive Industrial Policy

The free market will never fulfill everyone's material needs or even give everyone what they want.

Why the Quantity Theory of Money is Wrong

Theoretically and empirically, the price level is far more complicated than a simple equation might suggest.

What really happened during the Volcker years?

The inflation-adjusted fiscal deficit shrank, meaning monetary policy did not act by itself.