MMT and Post-Keynesian Economics: A New Paper on Ontological Differences
Our new paper explores the fundamental disagreements between Modern Monetary Theory and Post-Keynesian economics, arguing they stem from deep-seated ontological differences
Interest Rates
Implications Matter
Is the BBC following the recommendations from the Blastland and Dilnot report? Let’s use a bit of AI magic and find out
Cutting Borrowing Costs Made Simple: End Interest Payments
Two titans of UK politics face off over government interest payments, while completely missing the obvious answer: stop giving rich people free money
MMT Basics: Interest Rates
Bill Mitchell explains how MMT sees the effect of Interest Rate changes on the economy
The Interest/Price Spiral
Raising interest rates in an attempt to control inflation is a myth that could, instead, lead to a price spiral
The Perpetual Problem With Interest Rates
How can you be worried about interest rises when you’re issuing fixed interest rate securities? Isn’t that sort of the point of fixing the interest rate?