Posts Tagged ‘Debit-Credit’
We are often told that the Fed prints money, while the Treasury can only borrow. Yet, this statement is inaccurate.
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By: Andrea Terzi
You may think that the Fed, the central bank of the U.S., has complete control, or at least some control of how many banknotes circulate in the economy. The fact is that the Fed has no power in this.
- Why the Reinhart-Rogoff paper was flawed right from the start
- Warren Mosler – The Euro: Past, present and future
- Pro-cyclical austerity and rising unemployment in Europe: No surprise!
- Olli Rehn and ‘distinguished’ economists
- A narrow path ahead for Europe: And it’s France and Germany, again
- Do exports LOWER a nation’s living standards?
- Where does the money that government spends come from?
- The Trillion Dollar Coin Obama won’t mint
- An ECB paper using financial accounts finds MMT-flavored results
- The Fed controls bank reserves to meet banks’ needs at its desired interest rate
- The Fed cannot control (and only accommodates) the quantity of banknotes in circulation
- ‘Occupy Wall Street’ does charity, it does not save the economy.
- Bernanke on QE3: “Not a panacea”
- 14. Giving, receiving, and the currency
- Eurozone countries trapped in their own net
- Can Draghi persuade financial markets that sovereign spreads are unreasonable?
- A word on the explanatory power of MMT: The euro crisis explained before it happened
- Insanity spreads: Now, Japan pretends it is running out of yens!
- The euro area is not running out of euros. Yet, it pretends it is.
- The austerity infection now spreads to the core?
- A Few More Tedious Words | Modern Money Mechanics: [...] Alike 2.5 Switzerland License and I dare say any other country as well. It first appeared here [...]
- Signoraggio: il giogo che ci rende schiavi. Auriti e il DEBITO, massimo sistema di estorsione ai danni dell’umanità. Reato! | Escogitur.it: [...] Fonte: http://www.mecpoc.org/2012/02/a-civilized-money-view-vs-keynesian-monetarism/ [...] [...]
- Andrea Terzi: Correct. In any nation with a fiat floating currency like the U.S. your return on Treasuries is -s [...]
- Jeremy Montgomery: So as an investor in federal bonds & bills my return on investment is dependent on the interest [...]
- Looking behind the numbers | Econtemplations: [...] Andrea Terzi – One more comment on RR and HAP [...] [...]
