Warren Mosler has an important forthcoming book called The Seven Deadly Innocent Frauds, which is, fortunately, available right now in a pre-publication version for reading and commenting from Warren’s site.
Jamie Galbraith, Warren’s friend and occasional co-author has recently written a Foreword to the book, which also can serve as a Foreword to the Modern Money (or Monetary) approach to economics. I think the foreword is important enough in itself that I decided to comment on it. That commentary is the subject of this blog post. I’ve arranged the post as a series of quotes and additional, hopefully, value-added, comments on what Jamie said.