Escape Velocity

I’ve followed every episode in this, now multi-year, long debate between Bob Murphy and George Selgin on Fractional Reserve Banking vs Full Reserve Banking.

I want to extend our prior discussion of how MMTer conflate accounting with economics to the subject of whether governments create money out of thin air whenever they spend.

Let’s break down another major MMT fallacy.

The left has their own theory of the origin money courtesy of the late David Graeber.

If you scroll through the last few blog posts on this page I’ve spent some time tearing down MMT fallacies.

Recently, I wrote a blog post critically analyzing the MMT perspective on public finance.

Watching SpaceX catch a booster the size of a skyscraper with the launch tower today was incredibly inspiring.

Spend any time on X, and you’ll encounter the bizarre world of MMT activists.

The new Argentine president Javier Milei calls himself an anarcho-capitalist, but not a lot of people know what that is.

It’s very common in conservative or libertarian circles to hear the phrase “politics is downstream from culture”.