Oswald Mosley, a founder of MMT?

by Serban V.C. Enache

I will let the readers decide.

Here are Mosley’s Birmingham Proposals (1925), quoted in his book, My Life (pp. 188-189); Black House Publishing Ltd. Kindle Edition. Continue reading “Oswald Mosley, a founder of MMT?”

Steve Keen on the MMT Trade Mantra: imports are benefits, exports are costs

Theory, Practice, Ethics, and Accounting

by Serban V.C. Enache

In a post on his Patreon, Steve Keen explains why he doesn’t agree with the ‘exports are costs, imports are benefits’ point of view, expressed by many adepts of Modern Monetary Theory. I will summarize the two views below and then offer my own two cents on the matter. Continue reading “Steve Keen on the MMT Trade Mantra: imports are benefits, exports are costs”

Thomas Edison and Henry Ford explain Modern Monetary Theory in 1921

Edison and Ford were Deficit Owls

by Serban V.C. Enache

In December 1921, Henry Ford and Thomas Edison visited the Muscle Shoals nitrate and water power projects near Florence, Alabama. Thomas Edison gave an interview with the The New York Times, “Ford Sees Wealth In Muscle Shoals.” With fair use, and in the interest of posterity and public purpose, I reproduce Edison’s views on finance and the economy – which are 100 percent consistent with Modern Monetary Theory. Continue reading “Thomas Edison and Henry Ford explain Modern Monetary Theory in 1921”