Libertarians + MMT (Modern Monetary Theory)
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libertarian-mmt.bsky.social
Libertarians + MMT (Modern Monetary Theory)
@libertarian-mmt.bsky.social
21 followers 16 following 150 posts
Welcome to the best MMT-centered content stream on Bluesky! A one-stop shop for economics, political economy, geopolitics and current events. High level analysis and clear-eyed perspective, with sights on a post-neoliberal world.
Posts Replies Media Videos
libertarian-mmt.bsky.social
"Several Neoclassical economists have recently derided #heterodox economics, and touted the importance of equilibrium modelling in #economics. This video shows that #equilibrium modelling is utterly misleading about the nature of #capitalism..."

#macro

profstevekeen.substack.com/p/video-show...
Video showing that equilibrium is for dummies
Several Neoclassical economists have recently derided heterodox economics, and touted the importance of equilibrium modelling in economics.
profstevekeen.substack.com
January 31, 2026 at 12:14 AM
libertarian-mmt.bsky.social
"Yes, we are in a #GlobalCrisis. No, it does not have to keep escalating. Yes, countries can act on their own now, because more of the same is not going to work...."

#MonetaryPolicy #PrivateDebt #credit #bubbles #boom #bust #depression #deflation

dougaldlamont.substack.com/p/carneys-sp...
Carney's Speech Shows Davos & the WEF Don't Understand the Depth of the Crisis We Face
Yes, we are in a global crisis. No, it does not have to keep escalating. Yes, countries can act on their own now, because more of the same is not going to work.
dougaldlamont.substack.com
January 30, 2026 at 11:57 PM
libertarian-mmt.bsky.social
"... it is wholly appropriate to call #MMT a #theory, but that does not mean that it tells you what to do..."

www.taxresearch.org.uk/Blog/2026/01...
MMT is a theory, just as gravity is
I recently made a video explaining modern monetary theory, albeit not for the first time. What we did note when that video was complete was that almost every section within it could, in fact, also be...
www.taxresearch.org.uk
January 29, 2026 at 1:13 PM
libertarian-mmt.bsky.social
"... #Europe has entered a structural crisis with no clean exit. They examine the failed attempt to seize Russian assets, the collapse of sanctions strategy, rising energy costs, and US pressure forcing #deindustrialisation..."

michael-hudson.com/2026/01/euro...
Europe’s Cold War Trap | Michael Hudson
Richard D. Wolff and Michael Hudson argue that Europe has entered a structural crisis with no clean exit. They talk the collapse of sanctions strategy, rising energy costs, and US pressure forcing dei...
michael-hudson.com
January 28, 2026 at 1:15 PM
libertarian-mmt.bsky.social
"... there is a huge amount of chatter... that the recent #gold price surges are being driven by central bank buying.... While central banks are certainly buying more of the yellow metal, it is retail, and institutional buying, that are the main catalysts..."

www.nakedcapitalism.com/2026/01/germ...
German Economists Call For Full Repatriation of Germany's Gold Held in US Amid Colossal Loss of Trust | naked capitalism
The US’ gold holdings, allegedly the largest on the planet, have not been subjected to a comprehensive audit since the 1950s.
www.nakedcapitalism.com
January 27, 2026 at 7:28 PM
libertarian-mmt.bsky.social
"The US-dollar-based #InternationalMonetarySystem will not survive this Presidency.

There is, of course, just one man who is to blame for our current predicament. And that man is Harry Dexter White...."

#Bancor #Terra.#SteveKeen

profstevekeen.substack.com/p/this-is-th...
This is the End of the US Global Monetary System
The US-dollar-based international monetary system will not survive this Presidency.
profstevekeen.substack.com
January 22, 2026 at 3:02 PM
libertarian-mmt.bsky.social
" #MichaelHudson and #RichardWolff dissect the United States’ escalating confrontation with #Venezuela, revealing how #oil control, #sanctions and proxy wars underpin a collapsing rules-based order...."

michael-hudson.com/2026/01/the-...
The Return of Gunboat Economics | Michael Hudson
⁣NIMA ALKHORSHID: Hi, everybody. Today is Thursday, December 18, 2025, and our dear friends, Michael Hudson and Richard Wolff, are here with us. Michael from New York, and Richard is in Paris, in Fran...
michael-hudson.com
January 22, 2026 at 1:03 PM
libertarian-mmt.bsky.social
"... how does #MMT apply to the Euro? If the #Euro is produced by the #ECB, how is it distributed through the Euro user nations? Does #Tax and #Spend apply to Euro user nations?...."

#CentralBank #Europe #austerity

www.taxresearch.org.uk/Blog/2026/01...
Does MMT apply to the Euro?
I was asked this question yesterday: One point that I find difficult, is how does MMT apply to the Euro? If the Euro is produced by the ECB, how is it distributed through the Euro user nations? Does T...
www.taxresearch.org.uk
January 20, 2026 at 1:15 PM
libertarian-mmt.bsky.social
'... a macro analyst who has been arguing that #Japan’s rapidly depreciating #currency along with sharply higher #InterestRates on Japanese government bonds (JGBs) tells us that Japan is getting close to a “full-blown #DebtCrisis.”...'

#Mosler #Kelton

stephaniekelton.substack.com/p/warren-mos...
Warren Mosler to Robin Brooks on Japan's Fiscal Situation
Early this morning, I took a break from working on my book to trade text messages with Warren Mosler, the canonical “father” of MMT.
stephaniekelton.substack.com
January 20, 2026 at 12:59 PM
libertarian-mmt.bsky.social
"... Would a mass sell off of US Treasuries by EU and others put pressure back on Trump and his Congress?...."

#DunpTheBonds #liquidation #GlobalReserveCurrency

www.taxresearch.org.uk/Blog/2026/01...
Will a US Treasury sell off work?
I was asked this question on the blog yesterday: Would a mass sell off of US Treasuries by EU and others put pressure back on Trump and his Congress? Since it is doing the social media rounds, I gave ...
www.taxresearch.org.uk
January 19, 2026 at 4:40 PM
libertarian-mmt.bsky.social
"Modern monetary theory is not a manifesto, and it's not a magic “print money” promise. It is an explanation of how the monetary system already works...."

#MMT #deficit #bonds #inflation #tax

www.taxresearch.org.uk/Blog/2026/01...
MMT is not theory: it’s fact
I offer this video on MMT this morning without apology. I know I have tackled this issue before now, but this, I think, is my best yet. This is not, in fact, one video. There are up to 16 short vide...
www.taxresearch.org.uk
January 19, 2026 at 4:35 PM
libertarian-mmt.bsky.social
"One of the important issues to address here is a theoretical underpinning... especially issues around #probability and #uncertainty, since money is created with the expectation of fulfilling obligations in the future...."

#MoneyCreation #entropy

dougaldlamont.substack.com/p/the-money-...
The Money Function, Part 2: The Other Side of Entropy
A Philosophy of Money Creation as Information & Control
dougaldlamont.substack.com
January 18, 2026 at 3:51 PM
libertarian-mmt.bsky.social
"The #PoliticsOfCare represents a fundamental reimagining of the purpose and practice of democratic government.

At its core, the politics of care asserts that the primary obligation of any government is to meet the needs of those entrusted to its care...."

www.taxresearch.org.uk/Blog/2026/01...
Glossary entry: the politics of care
I said yesterday that the team here has decided that the focus of our work must now be on the creation of a politics of care, and the necessary economics that will support and help deliver a programme...
www.taxresearch.org.uk
January 15, 2026 at 2:13 PM
libertarian-mmt.bsky.social
"As is clear from multiple media reports, the dispute between the Trump administration and the US #FederalReserve... has escalated sharply, with its chair, #JeromePowell, now being threatened with criminal indictment..."

#MMT

www.taxresearch.org.uk/Blog/2026/01...
Trump and the Fed: an MMT perspective
As is clear from multiple media reports, the dispute between the Trump administration and the US Federal Reserve (which is the US equivalent of the Bank of England, and is the US central bank) has esc...
www.taxresearch.org.uk
January 13, 2026 at 4:57 PM
libertarian-mmt.bsky.social
"... control of the global oil trade is a core instrument of U.S. power, underpinning dollar-based finance and coercive diplomacy...."

#petrodollar

michael-hudson.com/2026/01/how-...
How Washington Uses Energy as a Weapon | Michael Hudson
The global oil trade is a core instrument of U.S. power, underpinning dollar-based finance and coercive diplomacy.
michael-hudson.com
January 13, 2026 at 4:52 PM
libertarian-mmt.bsky.social
"As anyone who has ever been responsible for legislative oversight of #CentralBankers knows, they do not like to have their authority challenged. Most of all, they will defend their mystique..." #MMT

www.thedailystar.net/opinion/view...
Who’s Afraid of MMT?
As anyone who has ever been responsible for legislative oversight of central bankers knows, they do not like to have their authority challenged.
www.thedailystar.net
January 13, 2026 at 4:30 PM
libertarian-mmt.bsky.social
"At a moment when the #NiskanenCenter mission feels especially urgent, we are guided by the conviction that America’s greatest challenges can be met not by abandoning our #institutions but by renewing them...."

www.niskanencenter.org/institutiona...
Institutional renewal. Effective government. Prosperity. - Niskanen Center
At a time when some of our most fundamental institutions are under attack, we believe that the most effective defense lies in recognizing their real and serious flaws while offering specific, construc...
www.niskanencenter.org
January 13, 2026 at 3:06 PM
libertarian-mmt.bsky.social
".... the #ErichFromm Question: If we can see that modern society is making people anxious, isolated and psychologically unwell, what are we going to do about it, and why does our political economy seem incapable of even asking the question?..."

www.taxresearch.org.uk/Blog/2026/01...
Economic questions: the Erich Fromm Question
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, and what the relevance of that question might be ...
www.taxresearch.org.uk
January 12, 2026 at 2:06 PM
libertarian-mmt.bsky.social
"Yves here. Trump’s latest power play may prove to be another backfire. Astonishingly, the Trump Administration is pursuing criminal charges against Fed chair Jerome Powell...."

#Powell #FedIndependence

www.nakedcapitalism.com/2026/01/just...
Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank | naked capitalism
Trump pursues another own goal by escalating with Fed chair Powell over his refusal to lower interest rates by launching a criminal probe.
www.nakedcapitalism.com
January 12, 2026 at 2:01 PM
libertarian-mmt.bsky.social
".... For the government and banks, the basic legal process of creating money is the same - with a contract that creates new money with legal conditions for how it is to be used, and for how the contract is to be fulfilled...."

#MoneyCreation #DoubleEntry

dougaldlamont.substack.com/p/modernizin...
Modernizing the Bank of Canada’s Monetary Policy is the Single Most Important Thing We Can do to fix Canada's Economy
William White’s Predicted the Global Financial crisis when no other central bankers saw it coming. He's said the next crisis could be worse.
dougaldlamont.substack.com
January 11, 2026 at 7:06 PM
libertarian-mmt.bsky.social
".... unless you get double-entry, you cannot understand money or the economy. It really is that straightforward...."
#DoubleEntry #MoneyCreation #Debt #Money

www.taxresearch.org.uk/Blog/2026/01...
Keen’s Law
Steve Keen wrote this on Substack yesterday: YouTube popped a video into my feed of Niall Ferguson (the author of The Ascent of Money: a financial history of the world) being interviewed on the TRIGGE...
www.taxresearch.org.uk
January 11, 2026 at 3:34 PM
libertarian-mmt.bsky.social
"... the #WynneGodley Question: If the financial balances of the economy must add up, and governments can see this in advance, why do they continue to pursue policies that make #crises inevitable and then pretend to be surprised when they arrive?..."
#deficit
www.taxresearch.org.uk/Blog/2026/01...
Economic questions: the Wynne Godley question
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, and what the relevance of that question might be ...
www.taxresearch.org.uk
January 9, 2026 at 1:16 PM
libertarian-mmt.bsky.social
"Another great video from #SteveKeen and #RichardMurphy, who have done stellar work in demystifying the fallacies of mainstream economics with facts, evidence and being sure to chase down and iron out the inconsistencies...."
substack.com/@dougaldlamo...
Dougald Lamont (@dougaldlamont)
Another great video from @Steve Keen and @Richard Murphy, who have done stellar work in demystifying the fallacies of mainstream economics with facts, evidence and being sure to chase down and iron o...
substack.com
January 9, 2026 at 5:07 AM
libertarian-mmt.bsky.social
"The United States is openly threatening to take Greenland, a self-governing territory linked to Denmark and therefore to NATO.
That creates a crisis no one planned for. What happens when a NATO member threatens another NATO member?..."
#NATO #Greenland
www.taxresearch.org.uk/Blog/2026/01...
Is NATO about to collapse?
The United States is openly threatening to take Greenland, a self-governing territory linked to Denmark and therefore to NATO. That creates a crisis no one planned for. What happens when a NATO member...
www.taxresearch.org.uk
January 8, 2026 at 2:13 PM
libertarian-mmt.bsky.social
"American diplomats are not going to come right out and say, here’s our strategy, to force you to make sacrifices... to promote America first. And your countries, Germany, European countries, Japan, South Korea, are also supposed to put America first..."
michael-hudson.com/2026/01/dein...
Deindustrialisation Meets Coercion | Michael Hudson
Michael Hudson argues the new US national security strategy marks a reversal of the post-1945 economic order: from multilateral rules to coercion
michael-hudson.com
January 8, 2026 at 2:10 PM