What LSD and Scientology Teach Us About the Absurdity of the Trillion Dollar Coin
Minting a trillion dollar coin does not violate the absurdity doctrine.
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Post-Monetarist Political Economy Institute
MMT Inspired Policy
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- Sep 24, 2022
- 14 min
The Conditions of Economic Agency
Reconceptualizing the MMT concept of monetary sovereignty.
- Aug 11, 2022
- 1 min
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...
- Apr 8, 2022
- 1 min
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.
- Feb 21, 2022
- 16 min
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.
- Feb 7, 2022
- 9 min
Can Tinkering with Interest Rates Solve All Inflation?
How strong are the screwdrivers, and are they threaded in the right direction?
- Jan 18, 2022
- 5 min
Equitable Demand Management to Reduce Inflation
Can we reduce consumption without making everyone poorer?
- Dec 23, 2021
- 8 min
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.
- Dec 2, 2021
- 10 min
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.
- Oct 2, 2021
- 8 min
Inflation: Causes and Remedies - A Preview to the PMPE Inflation Resistance Plan
What inflation is and where it comes from.
- Aug 28, 2021
- 16 min
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.
- Aug 28, 2021
- 8 min
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.
- Aug 24, 2021
- 6 min
Why the Quantity Theory of Money is Wrong
Theoretically and empirically, the price level is far more complicated than a simple equation might suggest.
- Aug 18, 2021
- 3 min
What really happened during the Volcker years?
The inflation-adjusted fiscal deficit shrank, meaning monetary policy did not act by itself.
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