Journal of Post Keynesian Economics, Vol. 24, No. 4 (Summer, 2002), pp. 511-527 (17 pages) This paper argues that De Long's (2000) announcement of "the triumph of monetarism" is misplaced on the ...

Our findings indicate that Keynes reached a turning point towards the end of 1932, meaning by this not his establishment of the theory determining the level of employment (or output), but his ...

Policy and business circles these days buzz about something called modern monetary theory (MMT). Many claim it explains why budget deficits do not matter and why monetary ease, “printing money,” can ...

Osi Momoh is an expert on corporate finance and accounting, bonds, trading, cryptocurrency, and much more. Osi has 10+ years of experience in the investment industry, having served as a client-facing ...

Congress has authorized $6 trillion in deficit spending to defeat the coronavirus. That’s more than the United States spent fighting World War II, when $4 trillion of government spending released the ...

Modern monetary theory (MMT), it seems, has given politicians license to do what they always want to do anyway – buy votes with government giveaways of one sort or another. This is not the first time ...

When it comes to understanding the nature of money, times of political tranquility can prove deceptive. The relatively stable order of things gives money the appearance of being natural and ...

“MODERN MONETARY THEORY” sounds like the subject of a lecture destined to put undergraduates to sleep. But among macroeconomists MMT is far from soporific. Stephanie Kelton, a leading MMT scholar at ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

Steven Hail is affiliated as a Research Scholar with the Binzagr Institute for Sustainable Prosperity There is a school of thought among economists who aren’t worried about the so called “budget black ...