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.
- 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!
- Who can really ‘print’ money? The Fed or the Treasury?
- Randy Wray’s Modern Money Primer
- 9. A paradigm for understanding monetary economies
- Interview with Randy Wray, Regarding the Next Crisis
- 8. What monetary economics is about
- Mark: Come on guys! You're making this way to complicated and wrong. The private sector has NOTHING to [...]
- Sigurd Persson: Solution done simple: I will suggest that countries in trouble should use dobbel currencies. That w [...]
- aterzi: The private sector is up to the tune of $X worth of bonds PLUS the $X spent by the government into t [...]
- Draghi believes in the confidence fairy! « The Jefferson Tree: [...] 15th, 2011 | Ralph Musgrave - Ralphanomics has contributed 104 articles. Contratulations to A [...]
- La chemioeconomia del Mostro che conta | STAMPA LIBERA: [...] gatti, e anche viziati. Incappo in un articolo a firma dell’economista Andrea Terzi di Lugan [...]
