What is happening today? I am off to Europe next week for my annual inspection of how successful fiscal austerity has been (not!). I actually have some work to attend to. I will report on that in due course. I was due to fly to Sydney late Sunday but I changed my plans and decided to fly today, which also explains why my normal blog today is very short. What motivated that?
I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to publish the text sometime in 2013. Our (very incomplete) textbook homepage – Modern Monetary Theory and Practice – has draft chapters and contents etc in varying states of completion. Comments are always welcome. Note also that the text I post here is not intended to be a blog-style narrative but constitutes the drafting work I am doing – that is, the material posted will not represent the complete text. Further it will change as the drafting process evolves.