Tuesday, May 27, 2014

Rebecca Rojer — the world according to modern monetary theory

Too often the origins of our economic ills are cloaked by a mystical reverence for some autonomous money spirit. The economists behind Modern Monetary Theory (MMT) seek to lift money’s veil by studying the specific actions that occur as money is created, circulated, and destroyed.

For those seeking a grand, unifying sociopolitical economic theory, MMT will disappoint. But as an analytic tool, MMT clarifies who holds genuine power--sovereignty—within society, and how they organize the money system to serve their interests....
The Modern Money Network
the world according to modern monetary theory
Rebecca Rojer

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