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Tags: mmt

The Correct Value of the Right Debt Ratio is Zero

March 19th, 2015
in Op Ed

The public debt-to-GDP ratio is, perhaps, the most important measure used in discussions of the relative fiscal sustainability of nations. Nations with high levels of debt-to-GDP are viewed as having more serious fiscal problems than nations with lower levels. Nations having increasing more »

The "Debt Crisis" According to Bruce Bartlett: Fiat Sovereignty

March 14th, 2015
in Op Ed

Today, I'd like to offer the first of three commentary posts on Bruce Bartlett's recent testimony before the Senate Budget Committee. Bruce Bartlett is a long-time veteran of the fiscal policy wars. He initially became known as a supply-side free market economist working for more »

The "Debt Crisis" According to Bruce Bartlett: Household Analogy, Inflation, Savings, and Taxes

March 14th, 2015
in Op Ed

In the first two parts of this series of commentaries on Bruce Bartlett's testimony to the Senate Budget Committee, I've reviewed the first 8 paragraphs in his statement. These points debunked various concerns of those who think the United States has a serious "debt crisis" it must handle before it takes on trivial problems such as its unprecedentedly high level of wealth inequality, lack of true full employment at a living wage, more »

The "Debt Crisis" According to Bruce Bartlett: Debt Thresholds, and Wars

March 14th, 2015
in Op Ed

This is the fourth in a series of commentaries on Bruce Bartlett's recent testimony to the Senate Budget Committee. I appreciated his testimony and his critical evaluation of the idea that there is a public "debt crisis" in the United States. more »

The "Debt Crisis" According to Bruce Bartlett: Generational Accounting

March 14th, 2015
in Op Ed

This is the last post in my analysis and commentary on Bruce Bartlett's testimony to the Senate Budget Committee. There's one very significant issue left to discuss, and that is the issue of fiscal gap and generational accounting and whether it should be institutionalized in legislation more »




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