MMT Is Already Helping
In a response to Doug Henwood’s critique, Pavlina Tcherneva makes the case for the analytical power and political potency of of Modern Monetary Theory.
19 Search Results for: mmt
Did the Pandemic Give Modern Monetary Theory a Tryout?
The New York Times suggests that Modern Monetary Theory had a real moment in the sun after the pandemic-induced economic contraction. But monetary and fiscal stimulus is just the normal way of responding to recessions.
Modern Monetary Theory Isn’t Helping
MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
Does Inflation Discredit Left-Wing Policies?
The Right loves to point to inflation as some kind of proof that left-wing economic ideas don't work. They're wrong.
Paying For Socialism
Concern trolls often ask how we can "afford" socialist policies. Once we're in power, we'll have options. For now, just ignore them.
Against the Trans-Pacific Partnership
The TPP’s language is complex, but its result would be simple: more corporate power, and less democratic control.
The Global South Must Be at the Center of the Making of a Just Global Economic Order
The US-dominated economic order constructed after Bretton Woods did not take the Global South into consideration. A new, just system will have to change that.
In France, Neofascist Violence Is on the Rise
France’s neofascist groups are on the rise, with a spate of recent attacks against their opponents. Their violence against migrants, left-wingers, and even state officials shows that the far-right advance isn’t just “populist” rhetoric — it’s a deadly danger.
Anwar Shaikh: “The Fundamental Questions About Capitalism Seem to be Coming Back”
Anwar Shaikh is one of the world’s leading radical economists, whose work has challenged the way we think about capitalism. In an interview with Jacobin, Shaikh gives a concise overview of the ideas set out in his landmark book Capitalism: Competition, Conflict, Crises.
Fintech and Microfinance Are Preying on the Global Poor
Microfinance and fintech have been sold as innovative solutions to poverty in the Global South. But for the most part, they’ve just enriched wealthy investors at the poor’s expense.
Against the Repression in Greece
In 2015 the international left invested its hopes in Syriza and its promise of a break with austerity. Today, it must call out the repression of social movements in Greece by Alexis Tsipras’s government.
Stephanie Kelton Thinks the Conventional Wisdom Is Changing
In an interview with Jacobin, economist Stephanie Kelton argues that we're seeing a paradigm shift away from free-market dogmas and austerity.
We Need a Jobs Guarantee Now More Than Ever
Unemployment in the US is skyrocketing, with the Federal Reserve predicting a long-term unemployment rate of 10 percent. Creating quality jobs for all who want it should be the chief concern of the federal government, not the bogeyman of inflation.
Trade Agreements Like NAFTA Are a Menace to Democracy
Free-trade agreements enable companies to sue governments if they interfere with profit-making activities, no matter how destructive. The Biden administration now faces a legal threat for halting the Keystone XL project. These trade deals put us in an antidemocratic straitjacket — it's time we got rid of them.
New York State Is Lagging Far Behind on Its Climate Commitments
New York has a long history of setting climate goals to great fanfare — and then missing them. A new climate law makes more promises, but will Governor Andrew Cuomo deliver?
We Can’t Let Boris Johnson’s Government Sacrifice Workers for Corporate Profits
The British government has extended its program to subsidize employment during the lockdown, but pressure is mounting on workers to risk their lives for the sake of profit. We can't let this happen.
The European Union Is an Antidemocratic Disgrace
The European Parliament elections start today. But the body itself is an insult against democracy that exists only to rubber-stamp neoliberal rule.
A Socialist Primer on Monetary Policy and Inflation
Utter the words “monetary policy” and many of us fall asleep. But that policy is crucial to how capitalists exert power. Instead of leaving it to the “experts,” socialists and the labor movement should demand a democratic say in what monetary policy looks like.
The End of History Is Well and Truly Over
Decades of rule by establishment politicians opened the door for right-wing populists like Donald Trump to cynically claim to represent the marginalized. They rose on the back of crises that are here with us to stay.