Modern Monetary Theory

I wrote about this on my blog, in an article called¬†Modern Monetary Theory and returned to it over the last couple of hours. While I attributed it to Bill Mitchell, the papers I quoted and subsequent google searches point to L. Randall Wray and others. Wray’s book, Understanding Modern Money: The Key to Full Employment and Price Stability is dated 1998.¬† Continue reading “Modern Monetary Theory”