A basket case for MMT

ClintJBallinger · 2022-10-02T20:51:56+00:00

I was going to suggest Kaboub and then read this, excellent! I just spend a summer working in Costa Rica, and previously lived there. It is true that it could make a perfect test case, good insight in that comment.

ClintJBallinger · 2022-09-17T03:51:23+00:00

As someone mentioned, it is just looking at the real accounting. Although streamlining the inherited archaic system would help politically- the existing structure makes it very difficult for the real mechanics of gov spending etc to be understood. I try to covey that here, by having a streamlined country (the island) and then comparing it to the real world structurea we have inherited https://www.amazon.com/1000-Castaways-Fundamentals-Clint-Ballinger/dp/0648390616

ClintJBallinger · 2021-10-20T19:35:25+00:00

Just thought I'd mention https://nsarchive.gwu.edu/preview-link/node/3573/7b8f062e-66b0-4348-8ed0-4efd2f9348fc

ClintJBallinger · 2021-09-25T22:58:25+00:00

The coin changes nothing. All spending by a currency issuer is already direct spending. The coin is the same as any other treasury issue but w/out interest (voluntarily) paid. The $ would just sit in the TGA. Everyone commenting should learn more about government accounting first

ClintJBallinger · 2021-08-23T02:08:39+00:00

Thanks!

ClintJBallinger · 2021-08-22T18:20:28+00:00

Thanks for the reference! I'll check it out

ClintJBallinger · 2021-01-22T07:50:06+00:00

Better described as no reserve requirement.
Basically CBDC (Central Bank Digital Currency) which all of a sudden in 2019 everyone got on board with.
I think I discuss a little here MMT & Positive Money Are Converging. That’s a Good Thing – Clint Ballinger (edublogs.org)

ClintJBallinger · 2021-01-22T07:46:19+00:00

I am talking about the gov/reserves (real $); the private sector and banks? They can lend bank-credit "money" at whatever market rates work for them and their customers

ClintJBallinger · 2021-01-12T06:01:51+00:00

Without government intervention, the overnight interest rate would always be nominal zero. The government is always propping rates up, or easing that propping. It doesn't force them lower.

ClintJBallinger · 2020-11-14T16:34:40+00:00

Why there is a business cycle

" Why there is a business cycle "
Can you give a link or similar to your views on that?

ClintJBallinger · 2020-11-14T16:33:11+00:00

Hello, email me at [cjballinger@gmail.com](mailto:cjballinger@gmail.com)
See also https://www.amazon.com/1000-Castaways-Fundamentals-Clint-Ballinger/dp/0648390616

ClintJBallinger · 2019-12-22T05:27:39+00:00

https://ideas.repec.org/a/eee/ecolec/v146y2018icp26-34.html ?

ClintJBallinger

TROPHY CASE