Chris Mayer — Modern Monetary Theory (MMT): How Fiat Money Works

Chiefly about Warren Mosler.

Daily Reckoning
Modern Monetary Theory (MMT): How Fiat Money Works
Chris Mayer | managing editor of the Capital and Crisis and Mayer's Special Situations newsletters

Randy Wray — Understanding Modern Money, Guest Post by Chris Mayer

Chris Mayer attended our Post Keynesian conference at UMKC last week. He published the following in Capital&Crisis, Agora Financial’s newsletter. This is republished with his permission. Chris has a knack for putting things simply and clearly. Enjoy.

Economonitor — Great Leap Forward
Understanding Modern Money, Guest Post
L. Randall Wray | Professor of Economics, University of Missouri at Kansas City