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Technically True But Somewhat Misleading Definition of MMT

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The latter portion of the first sentence under the sub-heading "Academic work" reads,

Modern Monetary Theory, an economic theory that describes the way fiat money is created and used in modern economies.

Modern Monetary Theory provides a framework to describe & analyze all monetary systems/economies. Vilhelmo (talk) 23:00, 25 February 2015 (UTC)[reply]

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Source on Warren Being a Registered Democrat?

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I can't find any source that says so, so I removed that from the summary of the article. I think I remember that he ran as a Democrat at some point, but I can't find which race that was if any, anywhere. Also, does anyone know if the US Virgin Islands even has party registration for voters? Willwill0415 (talk) 04:01, 3 September 2018 (UTC)[reply]

Article lede

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@SherryReson: None of the articles sourced here, including your source, mention Mosler as a current bond trader, but rather as one during the Clinton years, see the Illinois Income Investors section and associated citations talking about the bond trading during the 1998 Russian financial crisis and his subsequent handing off of the fund to his partners. Adding this to the talk page because this article had that as the first part in the lede for a long time. Although it's possible he bond traded after he handed over his fund, perhaps even likely, no source mentions any trading after him handing over the fund. Are there any citations that say he currently is a bond trader or one that emphasizes his bond trading as more important than other activity? If there is a source saying he continued his bond trading after the years mentioned in the article, then that sentence would make sense. Also, the politician vs. political candidate debate happens often on wikipedia, but winning a race isn't the only way to be a politician. Only difference btw economist and writer is expertise, if you have a problem with the academic section here making him out to be an expert in Post-Keynesian economics, then we can have that argument.

Also, I agree he really isn't **currently** an academic, rather a non-academic expert, who's expertise is recognized by academia. Although, one could make the case for him as a minor academic given all that is (often provided without citation) in the academic section of this article. Willwill0415 (talk) 17:00, 23 October 2018 (UTC)[reply]

even Modern Money Lab who run post-graduate courses in Economics of Sustainability list Warren Mosler as a Patreon not as an academic. I'd stick with non-academic expert and self-publishing writer of important MMT literature.
https://modernmoneylab.org.au/people/ WideEyedPupil (talk) 07:04, 4 August 2024 (UTC)[reply]

Style

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Several sections demonstrate lack of professional distance to the subject, referring to Mosler and others by first name only. Alternatively, this might indicate the passages in question have been copied from other, unnamed sources, e.g. Mosler's private homepage or suchlike. — Preceding unsigned comment added by 134.95.144.134 (talk) 07:20, 23 July 2019 (UTC)[reply]

Potential reorganization of sections?

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I am debating whether or not to move Mosler's political activities behind his companies. His companies did come before his political career started, so keeping the current order is chronologically incorrect. However, Mosler is more known as a minor political figure than as an entrepreneur which was a side interest of his. Anyways, I would not mind feedback on this topic. Also, I rewrote several sentences surrounding Mosler's companies which seemed too self-congratulatory in nature. I might return in the future to add better references as another editor brought up how many of the citations were from subpar sources.

If any other editors have ideas on how to improve this page, please feel free to reach out to me on my talk page. Leiwang7 (talk) 22:14, 1 November 2020 (UTC)[reply]

Mosler's Law

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User:Leiwang7, the last line of the Mosler's Law section reads:

> “He developed much of his belief from his time as a hedge fund manager when many investors predicted the Italian government defaulting on bonds, whereas he predicted, correctly, that Italian government would not default and thus made considerable returns.”

This, IMHO, is poorly phrased because it's vaguely generalising and not really communicating anything relevant.

“He developed much of his belief” is the main clause of the sentence and seems to be overloading the sentence beyond the scope of the topic heading… a phrase like "much of his belief" it's problematic for a number of reasons.

  1. it implies Mosler's contributions to MMT, “Mosler's Law" included, amount to forming a belief (unique or otherwise at the time he supposedly formed it). Whereas the reality is that Mosler developed, along with contributions from academics like Bill Mitchell at a certain point, a framework of knowledge that gained appeal due to it having an original perspectives that ran very much counter to the mainstream of economic thinking in developed countries and orthodox (Neoclassical) academic literature today. Some of this "lens" for thinking about fiscal and monetary policy, and macroeconomics more generally had common ground in historical ideas, located outside the mainstream, of economics literature, but the MMT take was sufficiently original to Chartalism etc to be recognised as a School of Thought within economics, especially amongst a small group of academics at first.
  2. It also implies MMT is a faith based system of learning and analytical thinking. It isn't, as much as straw-manning critics of MMT might like to repeat this claim endlessly since it avoids them having to contest the substance of MMT.
  3. There's no evidence to associate Mosler's Law (or his greater contributions to MMT) with the Italian bond trading drama (the "Window makers trade" as it's referred to sometimes) in such an opinionated way. Consider the fact that we know, because Mosler has said so many times in public, that he and his business partner had formulated the basis of Mosler's Law before they met Italian Treasury officials to make sure the Italian Treasury (and relevant Ministers) understood Mosler's Law *before* he made trades long on Italian bonds. If the Italian Government didn't know it before the meeting, or weren't convinced of it during the meeting, then the position Mosler's trading company took would have fallen victim to the aggressive short trades. It was the short trade who lost their shirts, but only because Italian Government help their nerve. So how does this history support the idea that it was only after that episode transpired that Mosler formed the belief or understanding that nations who issue and tax in their own currency and have no substantive public debt in other currencies are free to manage any debt obligations that come their way by creating more currency?
  4. the reference is an article by the NY Times, I wouldn't base any assertion of opinion about how somebody came to believe this or understand that on something written in an article in the NYTimes . While it's sometimes ok to reference uncontroversial events with references to news organisations, the piece was an opinion piece and even if it had quotation marks and Mosler's name beside them, I know enough about news media to know that is a highly unreliable source to rest this claim on.

WideEyedPupil (talk) 07:49, 4 August 2024 (UTC)[reply]

Is anyone actually reviewing this page or working on it?

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I notice the Stephanie Kelton page gets a barrage of patrollers for minor edits but this page has languished to trolls and ill-wishers who include information which contradicts even their own sources. His sourced occupation in the first sentence didn't even match the source in the first sentence! which described him as a hedge fund executive, not a hedge fund manager. The discrepancy in attention between this and other MMT pages makes no sense as MMT is just this guy's theory (previously "Mosler economics" in the 1990s) promulgated to a few economists. Civil9095 (talk) 13:53, 4 September 2024 (UTC)[reply]

I've also noticed that since this page has no actual patrollers Mosler created a vanity website for himself to compete with this in search. Would be easier for people to simply patrol articles properly or not have them at all Civil9095 (talk) 13:57, 4 September 2024 (UTC)[reply]

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