Category: Money

I am considering reading some texts on Modern Monetary Theory. I have read some of the secondary descriptions of it on the web, and I generally find them somewhat confusing. So I want to actually see what these real texts say. As a preliminary matter, I want to explain my understanding of one of the… Continue reading Me and Modern Monetary Theory

New post at Policy Shop. Excerpt: One point missed in the debunkings so far is that the source Tom Coburn is almost certainly using, shadowstats.com, is total nonsense. The basic thrust of Coburn’s and Ron Paul’s inflation conspiracy theory is that the government has changed the way it measures inflation over time to intentionally generate… Continue reading Policy Shop: Shadow Stats and Tom Coburn’s Inflation Fantasies