JP Koning — An example of tax-driven money during the greenback era

Some interesting history.

Moneyness
An example of tax-driven money during the greenback era
JP Koning

Donald P. Morgan and James Narron — Crisis Chronicles: The Gold Panic of 1869, America’s First Black Friday

"Robber barons" Jay Gould and “Jubilee” Jim Fisk failed attempt to corner the gold market ends in a panic.

FRBNY — Liberty Street Economics Blog

Crisis Chronicles: The Gold Panic of 1869, America’s First Black Friday

Donald P. Morgan and James Narron

Jonathan Larson — Wray on MMT

Modern Monetary Theory is a concept that makes me a tad nervous because I find that most monetary ideas have been around for at least a century and likely more. In fact, it is pretty damn hard to top the monetary ideas of Lincoln and his Greenbacks, or for that matter, Peter Cooper and the Greenback Party of the 1870s. 

But since MMT seems to be the preferred description of the current monetary position of progressives, I am trying to get myself up to speed. First up is a positive explanation of MMT by L. Randall Wray of U Missouri Kansas City followed by a really thoughtful discussion of progressive monetary ideas by Bill Mitchell. All I can say is that if this is what they are calling MMT, it is certainly something that would have made old Peter Cooper happy.

Real Economics
Wray on MMTJonathan Larson