Scott Fullwiler
Scott Fullwiler's Latest Articles | 8
Coin Seigniorage and Inflation
Solving the debt-ceiling issue via proof platinum coin seigniorage—an idea that began and was nurtured within the MMT ranks, mostly by Joe Firestone and Beowulf... Read »
QE3, Treasury Style—Go Around, Not Over the Debt Ceiling Limit
Roche’s excellent post at Pragmatic Capitalism explains—via comments from frequent MMT commentator Beowulf and several previous posts by fellow MMT blogger Joe... Read »
The Sector Financial Balances Model of Aggregate Demand and Austerity
As Stephanie Kelton has recently published two excellent pieces explaining the sector balances in the context of government “belt tightening” (see here and... Read »
What If the Government Just Prints Money?
As Congress gets set in the near future to consider raising the debt ceiling yet again, my fellow blogger L. Randall Wray creatively suggests not raising the debt... Read »
The Sector Financial Balances Model of Aggregate Demand
Paul Krugman’s recent post indicates that perhaps those of us taking a stock-flow consistent approach to macroeconomics may be making some headway. My fellow blogger,... Read »
Understanding the Excess Reserve Tax
My previous post critiquing Scott Sumner’s (and others’) proposal for negative nominal interest rates brought a most welcome response from Prof. Sumner... Read »
Why Negative Nominal Interest Rates Miss the Point
Willem Buiter, Greg Mankiw, and Scott Sumner have all recently proposed negative nominal interest rates on reserves or currency as a way to stimulate consumer spending... Read »
Loans, Asset Purchases, and Exit Strategies: Why the WSJ Doesn’t Understand the Fed’s Operations
Some may have noticed a few weeks ago when the European Central Bank – the counterpart to the Federal Reserve in the Eurozone – conducted a one-day operation... Read »







