Ancient Tally Sticks Explain the Nature of Modern Government Money Money is fundamental in the functioning of many ancient and all modern economies. Orthodox economists argue that money is primarily a medium of exchange to facilitate trade, whereas chartalists cou...

"Ancient Tally Sticks Explain the Nature of Modern Government Money" (2025)

www.tandfonline.com/doi/abs/10.1...

1000 Castaways: Fundamentals of Economics 1000 Castaways: Fundamentals of Economics [Ballinger, Clint] on Amazon.com. *FREE* shipping on qualifying offers. 1000 Castaways: Fundamentals of Economics

The premise of this www.amazon.com/1000-Castawa...

"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 Centred on Javier Milei’s recent ascent, this book explores the cyclical nature of Argentina's economic crises and the corresponding rise of populist leaders. It argues that populism represents a revo...

"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 - Eastern Economic Journal The U.S. federal government fiscal–monetary policy framework is the organizational and operational structure that ties the state’s budgeting to the means of payment. There have been eras of government...

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

The Basics of Modern Money MMT helps explain the power behind sovereign currency, and the responsibilities of the countries—like the U.S.—which wield it.

modernmoneybasics.com

MMT is fundamentally about real resources. What in the world have you been reading?? Whatever it was it wasn’t MMT

billmitchell.org/blog/?p=32938

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 A new commentator left the following comment on this blog after my most recent video. They started with a quote from me: ‘And bonds in particular behave very differently in the MMT worldview.  These ...

“MMT and rules of government borrowing”

www.taxresearch.org.uk/Blog/2025/09... #econsky

Curtin not Curtis (predictive text got me).

Philip Curtin “Death by Migration”, “Disease and Empire” etc

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 It can be rather traumatic for children to see their parents fight. I feel a bit like that when I see two of my heroes Scott Sumner and David Glasner discuss fiscal policy. The whole thing started …

(marketmonetarist.com/2012/01/18/t...)

“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 For centuries, scientific progress has depended on more precise tools for measuring the world around us. Galileo’s telescope revealed Jupiter’s moons and shook the geocentric universe.

“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/...

Krugman’s Flashing Neon Sign By Scott Fullwiler Update: Paul Krugman has posted a reply to this post that is a straw man.  He and Nick Rowe are viewing this all through the lens of the old Monetarist/Keynesian debates in which…

See also neweconomicperspectives.org/2012/04/krug...

Selgin’s Hot Air on Bank Money Creation George Selgin announced some weeks back that he planned to write a definitive critique of the argument that “banks do not simply act as intermediaries, lending out deposits that savers place with them...

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