"It's Time to Nuke the Bond Market" 'The government sustains the vigilantes' new-wayland.com/blog/nuke-th...

"We critically examine ten key hypotheses that form the foundations of [Neoclassical Economics], and four other claims. Each fails to satisfy one or more of the basic requirements of scientific practice" #econsky www.cambridge.org/core/journal...

"We critically examine ten key hypotheses that form the foundations of [Neoclassical Economics], and four other claims. Each fails to satisfy one or more of the basic requirements of scientific practice" #econsky www.cambridge.org/core/journal...

"Ancient Tally Sticks Explain the Nature of Modern Government Money" (2025) www.tandfonline.com/doi/abs/10.1...

"Endogenous money and Chartalism: Are they compatible?" (2025) www.cambridge.org/core/journal... #econsky

"Modern Monetary Theory: A Comprehensive and Constructive Criticism" (2024) www.routledge.com/Modern-Monet... #econsky

"Currencies Come and Go, But Employment Always Takes Root: Rethinking External Constraints and Monetary Sovereignty in the Periphery" (2025) www.mdpi.com/2227-7099/13... #econsky

"Modeling Monopoly Money: The Neochartalist Theory of the Price Level" (2025) rosa.uniroma1.it/rosa04/psl_q... #econsky

"Revolution or evolution? A critical analysis of the divergence between MMT and mainstream economics" (2025) www.sciencedirect.com/science/arti... #econtwitter

"Making Money Modern: Keynesianism and the Search for Noninflationary Growth" (2024) muse.jhu.edu/pub/56/artic... #econsky

"The Applicability Analysis of Modern Monetary Theory System to Government" (G.G. Luo, 2024) www.ewadirect.com/proceedings/... #econsky

"Populism and Modern Monetary Theory: Exploring the Rise of Milei in Argentina" (2026) books.google.co.jp/books?hl=en&... #econsky #mmt

"Full monetary finance has the benefit that the government can sustain a higher deficit for a given inflation target. However, that benefit must be weighed against the elimination of the bond market" www.researchgate.net/profile/Geor... #econsky

"Modern Monetary Theory and Fiscal–Monetary Policy Frameworks" link.springer.com/article/10.1... #econsky

HOW spend & tax is the real issue- "MMT’s view is different. The composition of both taxes and spending matters, and so there are two reasons that trying to match them is misguided..." www.levyinstitute.org/wp-content/u... #econsky

Crazy that if you asked economists if modern monetary systems are chartal they would say “yes.” But if you asked them if sovereign bonds are needed for ‘deficit’ spending they will also say yes. They can’t seem to wrap their heads around the disconnect #econsky

“MMT and rules of government borrowing” www.taxresearch.org.uk/Blog/2025/09... #econsky

Reinert, Tilly, Vries, McNeill, E.L. Jones, E.W Fox, Bairoch, Goldstone, Curtis, Crosby—wonderful literature in the area of Mokyr, actually understanding the economy. And—THOSE are models! Of the highest order: natural language+syllogistic reasoning. Whole field needs recognition

What’s the difference between an activist minarchist neoliberal using obsolete 1800s interest rate beliefs & an Austrian Economist? Just the obsession w the word “malinvestment”? (I guess also the otherwise correct rejection of the mainstream’s modeling scholasticism) #econsky

Now, when a government imposes taxes in ☈, *everyone* is unemployed in terms of ☈. So what must the government do? @mamomvpy.bsky.social

“There Is No Such Thing As Fiscal Policy” ‘The way we normally think of microeconomics is an Arrow-Debreu world with no money. Hence, we have a barter economy…there is no such thing as recessions in a barter economy and hence no excess capacity and no unemployment.’ #econsky

“New quantum discovery challenges Heisenberg's uncertainty principle” www.yahoo.com/news/article...

All of #econtwitter converging on post keynesianism without even realizing it (“yes the real world is more complex than our models can capture, complexity science doesn’t really help per se, but if we add in real world dynamics & observations our work can matter…but that’s *haaard*!) #econsky

What macroeconomic model is most useful, and what macroeconomic model is most accurate/realistic compared to empirical data? #econsky

It’s 2025. This is a top 5 journal. People are still writing as if a currency issuer is financially constrained in its own currency ifs.org.uk/sites/defaul... #econsky

It’s 2025. This is a top five journal. Crowding out, bond issuance driving rates onlinelibrary.wiley.com/doi/10.3982/...

Definitive. Lending creates deposits out of “thin air.” “Selgin…has confirmed that the Endogenous Money view is correct. But he didn’t see this because, like almost all Neoclassical economists, he doesn’t use double-entry bookkeeping” profstevekeen.substack.com/p/selgins-ho... #econsky

“A Blueprint for African Prosperity” www.myjoyonline.com/how-african-... #econsky

“when we look at the World Bank database, there is no evidence that higher interest rates down-regulate inflation. If anything, the evidence suggests that rate hikes make inflation worse.” economicsfromthetopdown.com/2023/02/19/i... #econsky

“The rise of MMT in China” www.chinabankingnews.com/p/chinese-ec... #econsky

“What is modern monetary theory?” theconversation.com/what-is-mode... #econsky

“The General Relativity of Fiscal Space: Theory and Applications” www.tandfonline.com/doi/pdf/10.1... #econsky

Good time to remember that profits and wages are always a political decision, not an economic one. And provably so #econsky

"Why Are Free Traders So Emotional About Trade?" 'Those who dogmatically object to any strategic trade policy cannot be taken seriously as critics' commonplace.org/2025/04/24/w...

“MMT* seems inherently incompatible with Keynes’ bancor proposal or anything like it, due to the fixed exchange-rate mechanism of an International Clearing Union (adjustable, but imposed by the ICU)” Discuss

2024 “A CONSENSUS IS FORMING FOR IMF REFORM” www.imf.org/en/Publicati...

Seems no one really wants to change the $ key currency system except: 1. Minority of observers who worry about imbalances impacting developing countries; they don’t just want replacement but creation of ~International Clearing Union 2. Sanctions worriers Everyone else just wants $ stability

(When the Treasury's "financing" criteria conflict w both qty & types of trys for 1) collateral & 2) monetary policy) I am pointing out that from an opposite angle- as seen in the ways "money" developed (taxes, commodity-exchange, credit) that a liability-free safe asset important for int'l sphere

Nathan Tankus points out that unlimited FDIC would help resolve this problem crisesnotes.com/the-night-th... and that allowing the Fed to issue securities is a related issue crisesnotes.com/we-should-au...

ZIRP is a bad name bc it is not a policy. I propose “Il dolce far niente rate”

MMT is an explanation of why we need to focus on fiscal policy

The unexpected Triffin Dilemma: Shadow Banking The elegant fix? More treasuries The more elegant fix? Get rid of the Key Currency int’l system altogether www.imf.org/en/Publicati... #triffin #shadowbanking

A Fed that cannot issue its own securities is not and never has been independent #federalreserve

It was out-group exchange that was central to the origins of money & markets. Regardless of how small those initial practices were (relative to in-group practices), they eventually transformed society. To this day, the out-group (international) monetary system functions uniquely different

“Modern Money Theory as a Foundational Component in Polanyi’s The Great Transformation" www.aeaweb.org/aea/2022conf... #econsky

If you *really* wanted to replace the int'l Dollar Key Currency system (& not just w a different Key Currency), just settle international transactions at the current spot price of gold using weight (not price)-denominated gold bullion certificates with something like...

“Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn” www.cambridge.org/core/books/a...

“The Illusions of Economic Orthodoxy: Unmasking the Frauds” slguardian.org/the-illusion... #econsky

Trump: “and now everybody melt your silverware and shoot the songbirds”

When absurdism becomes realism