Book contents
Chapter 1 Overview
1.1 Introduction
1.2 What Is MMT? (Short Version)
1.3 MMT Politics
1.4 About this Book
Chapter 2 The Era of Sluggish Recoveries
2.1 Introduction
2.2 Labour Market Evolution
2.3 NAIRU and Other Will-o’-the-wisps
2.4 The Drift to Austerity
2.5 The Rise and Decline of Inflation Targeting
Chapter 3 Doing Better
3.1 Introduction
3.2 Fiscal Policy Reform
3.3 The Job Guarantee
3.4 Green New Deal
3.5 Changing Governmental Financing Procedures
3.6 Guessing About the Future
Chapter 4 What Is MMT? (Longer Version)
4.1 Introduction
4.2 The Mosler White Paper
4.3 Price Level Determination
4.4 Fiscal Sustainability
4.5 Theory of Inflation
4.6 Broad MMT
Chapter 5 Frequently Raised Critiques
5.1 Introduction
5.2 Non-AnswerabIe Critiques
5.3 Rhetorical Tricks (and Money Printing)
5.4 Need to Lie to Politicians and Voters
5.5 Inflation Worries
5.6 Active Fiscal Policy Required?
5.7 MMT Ignores the Banking System?
5.8 Post-Keynesian Squabbling
5.9 Net Financial Asset Skepticism
5.10 Only Applicable to United States?
5.11 Replication With a Neoclassical Framework?
5.12 Nothing New?
Index