Warren Mosler, MTM (1996tik 2022ra)

Warren B. Mosler #MMT@wbmosler

@Noahpinion

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MMT began with THE math model published in 1996: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf

And MMT alone recognizes the source of the price level and inflation:

I continuously provide the core understandings that first appeared in ‘Soft Currency Economics’ (1993) and introduced to academics in 1996 who I unconditionally congratulate for the MMT revolution. That is not to say some of the things they’ve said couldn’t have been better said.

Warren B. Mosler #MMT@wbmosler

As of credibility matters. Just set rates permanently at 0 and focus on bank regulation:

Warren B. Mosler #MMT@wbmosler

Should be ‘as if’ sorry.

@jasonfurman

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The micro foundation of MMT is that the currency itself is a public monopoly:

Warren B. Mosler #MMT

@wbmosler

@ektrit

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@AusMMT

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As long as the state enforces tax liabilities the currency/tax credit has value. (And yes, it’s a narrow point.)

Warren B. Mosler #MMT@wbmosler

@MichaelRStrain

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@DominicJPino

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To say that MMT is wrong is to say you don’t understand MMT:

Warren B. Mosler #MMT@wbmosler

@QTRResearch

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MMT is a framework for analysis, not a policy prescription. To say MMT is wrong is to not understand what MMT is.

http://moslereconomics.com/mandatory-readings/a-general-analytical-framework-for-the-analysis-of-currencies-and-other-commodities/

@lachlanmccall

@JohnQuiggin

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@ProfSteveKeen

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The Federal Reserve Bank is a bank. It’s a ‘T account’ like all banks and like all banks it makes payments for goods/services/assets it buys by crediting accounts on its books. Also like most banks it keeps client accounts on its books that it debits/credits for various purposes.