I was introduced to the site by Investor and return to the site occasionally as I try to educate myself as to how our fiat currency system works. MMT tries to explain it. Recently I noticed that MMT (Modern Monetary Theory) is being compared and constrasted with MMR (Modern Monetary Realism) which Cullen Roche is now promoting.
Cullen Roche's Website and his Article on "MMR" (modern Monetary Realism) which I believe is his version of MMT:pragcap
I am trying to be a student of these concepts, especially as we grapple with QEs, Fiscal cliffs, credit, and other monetary dynamics that impact the economy of my wallet, my country, my world. I thought I had all this straight...I guess its just another iteration of my financial literacy.
Here is a thread of comments regarding "CR" (Cullen Roche) writings. "JG" stands for Jobs Gaurantee...I believe this is a government jobs program that integrates itself into "MMT" (Modern Monetary Theory).
Coffee is a requirment when trying to swallow all of this stuff.
Opposing Comments from another MMT Site:mikenormaneconomics