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clintballinger.bsky.social @clintballinger.bsky.social · 10/09/2026

A General Analytical Framework for the Analysis of Currencies and Other Commodities moslereconomics.com/mandatory-re...

clintballinger.bsky.social @clintballinger.bsky.social · 31/08/2026

Kathleen Tyson & Michael Hudson Moderator: Nika Dubrovsky michael-hudson.com/2026/07/gold... [at int’l level, no global fisc so no global tax-credit; using 1 country’s liabilities causes hyperfinancialization, guarantees global imbalance. Plus gold has no administered rate; helps w domestic ZIRP]

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clintballinger.bsky.social @clintballinger.bsky.social · 14/06/2026

6 little words in the Banking Act of 1935 - These force the system that confuses the public, even the highly curious/educated public, and many/(most) economists, into profoundly misunderstanding the system we have. Accounting shakes out to OMF, but appearace radically deceiving

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clintballinger.bsky.social @clintballinger.bsky.social · 26/05/2026

“let me reassure you that I have discussed this with bond traders, central bankers & more than a few financial economists, and these conversations have always ended with them agreeing that in principle the bond market is an anachronism which we do not need open.substack.com/pub/stevenha... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 26/05/2026

“Let me share with you what it is like to step into the mainstream economics department of a university and give a talk about modern monetary theory.” open.substack.com/pub/stevenha... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 10/01/2026

This post introduces the non-scalable intercept – a coordination threshold in network industries crossed only once without destroying value.

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clintballinger.bsky.social @clintballinger.bsky.social · 18/12/2025

“nonshibboleth welfare functions” (Samuelson) By this he meant empty slogans, not value neutrality. His “rigorous” alternative still required defined property rights, lump-sum transfers, and interpersonal comparisons. Before any math, politics already "solved"

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clintballinger.bsky.social @clintballinger.bsky.social · 14/12/2025

‘The economics behind Zack Polanski’s claims The Green Party leader’s recent arguments sound a lot like Modern Monetary Theory’ www.newstatesman.com/politics/gre...

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clintballinger.bsky.social @clintballinger.bsky.social · 14/12/2025

How Modern Monetary Theory (MMT) Actually Works www.youtube.com/watch?v=W97s...

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clintballinger.bsky.social @clintballinger.bsky.social · 19/11/2025

"We critically examine ten key hypotheses that form the foundations of [Neoclassical Economics], and four other claims. Each fails to satisfy one or more of the basic requirements of scientific practice" #econsky www.cambridge.org/core/journal...

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clintballinger.bsky.social @clintballinger.bsky.social · 27/10/2025

"Endogenous money and Chartalism: Are they compatible?" (2025) www.cambridge.org/core/journal... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"Modern Monetary Theory: A Comprehensive and Constructive Criticism" (2024) www.routledge.com/Modern-Monet... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"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

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"Modeling Monopoly Money: The Neochartalist Theory of the Price Level" (2025) rosa.uniroma1.it/rosa04/psl_q... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"Revolution or evolution? A critical analysis of the divergence between MMT and mainstream economics" (2025) www.sciencedirect.com/science/arti... #econtwitter

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"Making Money Modern: Keynesianism and the Search for Noninflationary Growth" (2024) muse.jhu.edu/pub/56/artic... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"The Applicability Analysis of Modern Monetary Theory System to Government" (G.G. Luo, 2024) www.ewadirect.com/proceedings/... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

"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

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clintballinger.bsky.social @clintballinger.bsky.social · 26/10/2025

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

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clintballinger.bsky.social @clintballinger.bsky.social · 22/10/2025

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

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clintballinger.bsky.social @clintballinger.bsky.social · 13/10/2025

“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

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clintballinger.bsky.social @clintballinger.bsky.social · 16/09/2025

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

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clintballinger.bsky.social @clintballinger.bsky.social · 16/09/2025

It’s 2025. This is a top five journal. Crowding out, bond issuance driving rates onlinelibrary.wiley.com/doi/10.3982/...

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clintballinger.bsky.social @clintballinger.bsky.social · 15/08/2025

“The rise of MMT in China” www.chinabankingnews.com/p/chinese-ec... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 29/04/2025

“The General Relativity of Fiscal Space: Theory and Applications” www.tandfonline.com/doi/pdf/10.1... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 18/04/2025

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

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clintballinger.bsky.social @clintballinger.bsky.social · 16/04/2025

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

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clintballinger.bsky.social @clintballinger.bsky.social · 15/04/2025

“Modern Money Theory as a Foundational Component in Polanyi’s The Great Transformation" www.aeaweb.org/aea/2022conf... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 15/04/2025

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...

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clintballinger.bsky.social @clintballinger.bsky.social · 05/04/2025

“Why List (the Protectionist) and Cobden (the Free Trader) Both Agreed on Free Trade in Corn” www.cambridge.org/core/books/a...

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clintballinger.bsky.social @clintballinger.bsky.social · 02/03/2025

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)

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clintballinger.bsky.social @clintballinger.bsky.social · 02/03/2025

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

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clintballinger.bsky.social @clintballinger.bsky.social · 10/02/2025

"based on econometric evidence drawn from an empirical and optimizing model that a gradual and permanent increase in the nominal interest rate causes a fast adjustment of inflation to a permanently higher level" Conversely: Permanent low % rate= a permanently low inflation level. #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 30/01/2025

"the IMF watches these types of nations like a hawk and is ready to pounce to enforce their authority at the slightest departure from the neoliberal macroeconomic policy line." billmitchell.org/blog/?p=62317

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clintballinger.bsky.social @clintballinger.bsky.social · 29/01/2025

“I think the real reasons [for prohibiting the Fed from directly purchasing treasuries] can be traced to certain Gov bond dealers who…had their eyes on business…lost to them if direct purchasing were permitted.” Marriner Eccles, 1947

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clintballinger.bsky.social @clintballinger.bsky.social · 29/01/2025

6 little words tacked on to the Banking Act of 1935 - These force the system that confuses the public, even the highly curious/educated public, and many/(most) economists, into profoundly misunderstanding the system we have. Accounting shakes out to OMF, but appearance radically deceiving

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clintballinger.bsky.social @clintballinger.bsky.social · 22/01/2025

“Applicability Analysis of Modern Monetary Theory to Government” (Dec 2024) www.ewadirect.com/proceedings/... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 21/01/2025

"if we view the international political economy of China’s macroeconomic rebalancing through the lens of Modern Monetary Theory (MMT), we can reach different conclusions than that of Pettis" (2025) www.researchgate.net/profile/Anth... #econsky @michaelpettis.bsky.social

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clintballinger.bsky.social @clintballinger.bsky.social · 23/12/2024

BBC what were you thinking? It is 2024 - get your projection right! Esp as on this topic it is especially relevant www.bbc.com/news/article...

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clintballinger.bsky.social @clintballinger.bsky.social · 19/12/2024

So much of the “market” is just plays on the artificial volatility of the benchmark rate. Counterproductive (for society) so a wealthy minority can waste their talents and earn w/out producing anything of value. Rates are a bad tool www.bloomberg.com/news/newslet...

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clintballinger.bsky.social @clintballinger.bsky.social · 15/12/2024

“Higher interest rates cause the outside financial wealth of private agents to grow faster in nominal terms…If the monetary authority responds to higher inflation with sufficiently higher nominal interest rates, a vicious circle is formed.” faculty.wcas.northwestern.edu/lchrist/pape... #econsky

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clintballinger.bsky.social @clintballinger.bsky.social · 14/12/2024

Of course the exact opposite of what logic suggests

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clintballinger.bsky.social @clintballinger.bsky.social · 09/12/2024

It is the same-policy-belief coordinated “monetary policy” (government supported base rates greater than zero) that wreak havoc. Mainstream Econ is supposed to emphasize “race to the bottom” issues but is weirdly blind to possibly the biggest one of all

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