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AARoN MeDLiN

How does Modern Money Theory deal with bank money?

Stephanie Kelton, a prominent Modern Money Theory (MMT) proponent, has a new book out, The Deficit Myth, and it is finally making the…

Aug 15, 2020

How does Modern Money Theory deal with bank money?

Aug 15, 2020

AARoN MeDLiN

News media is reporting compensation benefits for workers are increasing, but what’s the REAL story

One of the most important lessons from Econ 101: Nominal figures tell us nothing.

Aug 2, 2018

News media is reporting compensation benefits for workers are increasing, but what’s the REAL story

Aug 2, 2018

AARoN MeDLiN

The Janus decision, Labor Unions and the Theory of the Second Best

Given the recent Supreme Court decision in Janus v. AFSCME, the public sector union case, I thought it worth explaining why labor unions…

Jul 12, 2018

The Janus decision, Labor Unions and the Theory of the Second Best

Jul 12, 2018

AARoN MeDLiN

Let’s not overreact to the cost of producing pennies, the business of minting coins is still quite…

Vox Media has an interesting YouTube video floating around on Facebook about pennies (see below). If you haven’t seen it, you have probably…

Jul 12, 2018

Let’s not overreact to the cost of producing pennies, the business of minting coins is still quite…

Jul 12, 2018

AARoN MeDLiN

The problem with evaluating socialist systems based on notions of efficient markets

I often get into debates online with generally smart people about the inefficiencies of socialism. These conversations often revolve around…

Jul 7, 2018

The problem with evaluating socialist systems based on notions of efficient markets

Jul 7, 2018

AARoN MeDLiN

Theories in Market Socialism: Part I

Since the candidacy of Bernie Sanders for U.S. president in 2016, socialism has been garnering more interest, particularly among young…

Jul 4, 2018

Theories in Market Socialism: Part I

Jul 4, 2018

AARoN MeDLiN

What factors made the 2007–09 financial crises and Great Recession so severe?

There were many underlying factors which contributed to both the financial crisis and the Great Recession. The trigger of crisis and…

Jul 4, 2018

What factors made the 2007–09 financial crises and Great Recession so severe?

Jul 4, 2018

AARoN MeDLiN

The Main Issues of the Secular Stagnation Debate

It has been some years since the financial crisis of 2007–08 and the subsequent recession, yet the recovery of economic growth is still…

Jun 11, 2018

The Main Issues of the Secular Stagnation Debate

Jun 11, 2018

AARoN MeDLiN

A Post-Keynesian perspective of money, financial intermediation and systemic instability

I t’s at the same time amazing and disturbing that mainstream introductory economics textbooks still teach fractional reserve banking and…

Jun 11, 2018

A Post-Keynesian perspective of money, financial intermediation and systemic instability

Jun 11, 2018

AARoN MeDLiN

What was the Soviet system?

One of the popular interpretations of the Soviet system by socialists is that it was a form of state capitalism in which the bourgeoisie…

Jun 11, 2018

What was the Soviet system?

Jun 11, 2018

AARoN MeDLiN

AARoN MeDLiN

Doctoral student of Economics at the University of Massachusetts Amherst. Commentary, research and more at www.aaronmedlin.weebly.com

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