Sam LeveyMMT and Interest Rates: A Suggestive ReconsiderationShould we raise interest rates to pop bubbles? Maybe sometimes.9 min read·Dec 21, 2022--1--1
Sam LeveyModeling Monopoly Money in MinskyIn 2021 I put out a working paper with my simple mathematical model that illustrated MMT’s theory of the determination of the price level…10 min read·Sep 3, 2022----
Sam LeveyBuffer Stocks: A Simpler DiagramA buffer stock is a price stabilization scheme. To run a buffer stock, some entity sets a target price of a particular good, and then buys…13 min read·Jan 17, 2022----
Sam LeveyTo Fight Bullshit Jobs, Run The Economy Really HotDoes our economy need more pineapple corers or more Swiss army knives?6 min read·May 28, 2021--4--4
Sam LeveySaving and Investment by DegreesInvestment isn’t driven by saving. It’s driven by money creation.10 min read·Sep 6, 2020--1--1
Sam LeveyMonopoly Money ReduxThe government has a monopoly on the currency — that means that it sets the price.10 min read·Jul 17, 2020--1--1
Sam LeveyWhere does the (economic) buck stop?If we can’t decide who will bear the real losses, then there will be inflation.10 min read·Mar 22, 2020----