Modern Money Illustrated

DIAGRAMS & DOLLARS Written by J.D. Alt, New Economic Perspectives Constructed from original Part 1 and Part 2. Click to enlarge 1. The “unsolvable” riddle of our National Budget Being an architect, I’m fascinated by diagrams visualizing things which otherwise are invisible. In designing a building we usually begin with diagrams to explore and understand …

The Great Debate©: Is Fed Policy Too Tight?

The following is a proposition by Scott Sumner (professor of economics at Bentley University) that the QE programs by the U.S. Federal Reserve and other central bank actions have actually been “highly contractionary” and a rebuttal by L. Randall Wray (professor of economics at the University of Missouri Kansas City).

A Background to the Origination Of Soft Currency Economics aka Modern Monetary Theory

by Warren Mosler Cross posted from Soft Currency Economics.  Editorial changes 14 March 2013 12:01am New York Time. As you will read in Soft Currency Economics, in November of last year, I was invited to speak at a Government Debt conference in Rome along with Mario Draghi. My speech received a lot of publicity in Italy and …

Misplaced Faith in Quantitative Easing

by Peter Cooper, heteconomist Editor’s note: This was written October 2010, but is still timely. A major component of the policy response to the economic crisis in the United States, Japan and especially Britain has been ‘quantitative easing’. The policy is having very little effect, which should not be surprising given the weakness of its …