@clintballinger.bsky.social
(Short) book: https://app.thestorygraph.com/books/1f999e87-8e3c-40b4-8067-4741100ae1a5
Some random thoughts on economics https://clintballinger.wordpress.com/
Some random thoughts on economics https://clintballinger.wordpress.com/
"Endogenous money and Chartalism: Are they compatible?" (2025)
www.cambridge.org/core/journal... #econsky
www.cambridge.org/core/journal... #econsky
October 27, 2025 at 5:09 AM
"Endogenous money and Chartalism: Are they compatible?" (2025)
www.cambridge.org/core/journal... #econsky
www.cambridge.org/core/journal... #econsky
"Modern Monetary Theory: A Comprehensive and Constructive Criticism" (2024)
www.routledge.com/Modern-Monet... #econsky
www.routledge.com/Modern-Monet... #econsky
October 26, 2025 at 2:13 PM
"Modern Monetary Theory: A Comprehensive and Constructive Criticism" (2024)
www.routledge.com/Modern-Monet... #econsky
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
www.mdpi.com/2227-7099/13... #econsky
October 26, 2025 at 2:00 PM
"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
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
rosa.uniroma1.it/rosa04/psl_q... #econsky
October 26, 2025 at 1:29 PM
"Modeling Monopoly Money: The Neochartalist Theory of the Price Level" (2025)
rosa.uniroma1.it/rosa04/psl_q... #econsky
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
www.sciencedirect.com/science/arti... #econtwitter
October 26, 2025 at 1:12 PM
"Revolution or evolution? A critical analysis of the divergence between MMT and mainstream economics" (2025)
www.sciencedirect.com/science/arti... #econtwitter
www.sciencedirect.com/science/arti... #econtwitter
"Making Money Modern: Keynesianism and the Search for Noninflationary Growth" (2024)
muse.jhu.edu/pub/56/artic... #econsky
muse.jhu.edu/pub/56/artic... #econsky
October 26, 2025 at 1:01 PM
"Making Money Modern: Keynesianism and the Search for Noninflationary Growth" (2024)
muse.jhu.edu/pub/56/artic... #econsky
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
www.ewadirect.com/proceedings/... #econsky
October 26, 2025 at 12:45 PM
"The Applicability Analysis of Modern Monetary Theory System to Government" (G.G. Luo, 2024)
www.ewadirect.com/proceedings/... #econsky
www.ewadirect.com/proceedings/... #econsky
"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
October 26, 2025 at 10:35 AM
"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
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
billmitchell.org/blog/?p=32938
October 26, 2025 at 4:42 AM
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
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
"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
October 22, 2025 at 3:16 PM
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
"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
“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
‘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
October 13, 2025 at 2:34 AM
“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
‘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
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
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
September 16, 2025 at 5:57 PM
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
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/...
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
September 16, 2025 at 4:55 PM
It’s 2025. This is a top five journal.
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
Crowding out, bond issuance driving rates
onlinelibrary.wiley.com/doi/10.3982/...
August 15, 2025 at 11:03 AM
“The General Relativity of Fiscal Space: Theory and Applications”
www.tandfonline.com/doi/pdf/10.1... #econsky
www.tandfonline.com/doi/pdf/10.1... #econsky
April 29, 2025 at 6:19 PM
“The General Relativity of Fiscal Space: Theory and Applications”
www.tandfonline.com/doi/pdf/10.1... #econsky
www.tandfonline.com/doi/pdf/10.1... #econsky
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
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
April 18, 2025 at 5:24 PM
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
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
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
To this day, the out-group (international) monetary system functions uniquely different
April 16, 2025 at 2:24 AM
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
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
www.aeaweb.org/aea/2022conf... #econsky
April 15, 2025 at 7:27 PM
“Modern Money Theory as a Foundational Component in Polanyi’s The Great Transformation"
www.aeaweb.org/aea/2022conf... #econsky
www.aeaweb.org/aea/2022conf... #econsky
You would basically be making a fully liquid *international* exchange system with what can and already is used in place of sov bonds (repos, reserves, etc)
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
April 15, 2025 at 1:47 PM
You would basically be making a fully liquid *international* exchange system with what can and already is used in place of sov bonds (repos, reserves, etc)
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
[useful excerpt on collateral from the otherwise wrong www.chathamhouse.org/sites/defaul...
“Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn” www.cambridge.org/core/books/a...
April 5, 2025 at 3:25 AM
“Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn” www.cambridge.org/core/books/a...
When absurdism becomes realism
April 3, 2025 at 1:33 PM
When absurdism becomes realism
And Mas-Colell, burying the “benevolent central authority” they need. Later even more hidden as just “using the utility function...”
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
March 2, 2025 at 4:19 PM
And Mas-Colell, burying the “benevolent central authority” they need. Later even more hidden as just “using the utility function...”
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
Grad students have no idea; they are fully indoctrinated by that point. They don’t know what they don’t know
Microeconomic Theory (p.117)
And all the while hiding that their edifice of nonsense rests on assuming "Income must always be reallocated...so as to keep the 'marginal social significance of every dollar' equal"
Hiding this w minimal abstract wording after the initial indoctrination
Hiding this w minimal abstract wording after the initial indoctrination
March 2, 2025 at 4:14 PM
And all the while hiding that their edifice of nonsense rests on assuming "Income must always be reallocated...so as to keep the 'marginal social significance of every dollar' equal"
Hiding this w minimal abstract wording after the initial indoctrination
Hiding this w minimal abstract wording after the initial indoctrination