Posts Tagged ‘Understanding money’
On a weekly basis, Randy Wray is posting pieces on New Economic Perspectives that gradually build toward a comprehensive understanding of Modern Monetary Theory. MMT describes how a monetary system works, assuming an economy where the government is the monopoly issuer of money, i.e., taxes can only be paid in the state currency, and government offers no fixed-rate conversion commitment to any real or financial asset.
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- Tags: MMT, Understanding money, Wray
By: Andrea Terzi
If you think that by not spending (i.e., saving) a bigger portion of your income you are thus providing more financial means to business investment, you may be dead wrong! Businesses are better off when you spend more (not less) of your income. Someone’s expense is another’s revenue.
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.
- The austerity infection now spreads to the core?
- Understanding dollar bills: Is this guy destroying wealth?
- Adding long needed aggregate demand to Euroland
- Civilized Money View vs. Monetarist Keynesianism
- 13. The flow-of-funds account and the net financial position
- Tobin Tax Monster
- The crisis and the blogosphere have opened mainstream economics up to new attack
- Not only in Germany: The ECB now wants export-driven growth for whole Europe!
- QE Euro-style: There is no alternative to the ECB writing the check
- Warren Mosler’s proposals for the 99%
- 12. Income statement and net income
- Solutions to the euro crisis
- Does this sound familiar?
- The speech by President Barack Obama we have been waiting for! (Ghost written by Warren Mosler)
- 2011 Mecpoc lecture
- Does the ECB understand sector financial balances?
- 11. Balance sheet and net worth
- Interview with Randy Wray, Regarding the Next Crisis (Part 2)
- 10. Accounting for debits and credits
- Congress: You Are the Scorekeepers for the U.S. Dollar, Not a Player!
- dale: Nalliah, while I generally agree with your view of the Federal Reserve, I think you have misundersto [...]
- Nalliah Thayabharan: US President John F. Kennedy planned to exterminate the privately owned Federal Reserve System. In 1 [...]
- zach nelson: "10. Don’t vote for anyone who wants to balance the federal budget!!!!" Since both democrat and [...]
- MMT vs. Mainstream | Modern Money Mechanics: [...] Alike 2.5 Switzerland License and I dare say any other country as well. It first appeared here [...]
- walid M: An excellent and easy to reference guide to what MMT is ... [...]
