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Showing posts with label state money. Show all posts
Showing posts with label state money. Show all posts
Friday, April 5, 2019

Lars P. Syll — The money ‘trick’

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"Modern money" is state money. Abba Lerner explains the "trick" by which a state creates its money. Imposing taxes and a...
4 comments:
Tuesday, September 19, 2017

Peter Cooper — State Monies are Fundamental to Modern Monetary Economies

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What is the most appropriate entry point to the study of a monetary economy in which government is currency issuer? Is it “the market”? Is ...
19 comments:
Monday, July 31, 2017

Peter Cooper — Short & Simple 12 – Government Money

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We saw in part 2 that to establish a currency, government needs to do three things:   1. Define a unit of account (e.g. dollar). 2. Im...
1 comment:
Wednesday, July 12, 2017

JP Koning — Money in an economy without banks

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Most of the world's money is currently in the form of deposits created by banks. After the 2008 credit crisis, which instilled a strong...
1 comment:
Monday, June 26, 2017

David Fields — Capitalism is national & transnational, but what about the money?

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Marxians picking up on MMT. Radical Political Economy Capitalism is national & transnational, but what about the money? David Fields
38 comments:
Monday, January 30, 2017

Lars P. Syll — The origins of MMT

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Knut Wicksell on credit money, and J. M. Keynes on state money aka "chartal"money, where "chartal" means a token. Sta...
8 comments:
Monday, August 22, 2016

Heske van Doornen — The History of Money: Not What You Think

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Most of us have an idea of how money came to be. It goes something like this: People wanted to exchange goods for other goods, but it was d...
Tuesday, March 29, 2016

Geoff Coventry — Modern Money: The Basics

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Short summary of currency along MMT lines. It's The People's Money Modern Money: The Basics Geoff Coventry
2 comments:
Tuesday, March 8, 2016

Pavlina R. Tcherneva — Money, Power, and Monetary Regimes

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ABSTRACT Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relati...
Monday, February 15, 2016

Randy Wray — Debt-Free Money Part 4: American Colonial Currency

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Nest installment in the series. New Economic Perspectives Debt-Free Money Part 4: American Colonial Currency L. Randall Wray | Professor...
21 comments:
Sunday, February 14, 2016

Randy Wray — THE VALUE OF REDEMPTION: DEBT-FREE MONEY PART 3

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Sorry that it has taken me a while to get back to my multi-part series on debt-free money. This is the third part of the current series, al...
1 comment:
Tuesday, January 20, 2015

Andrew Lainton — Is State (outside) money a liability, and if so to whom?

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Readers of this blog will now that I have strongly argued that economics must be rebuilt around the accounting constraints of capitalism -...
Wednesday, November 27, 2013

Paul Davidson — Bitcoin and MMT

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What is Bitcoin? According to Modern Money Theory, bitcoin can not be money since it is not accepted in payment of taxes by any government...
21 comments:
Monday, November 11, 2013

Guest Post: Ralph Musgrave — Physical cash: Cullen Roche versus Warren Mosler

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Physical cash: Cullen Roche versus Warren Mosler Ralph Musgrave I agree with some of the criticisms Cullen makes of MMT in his article “...
59 comments:
Wednesday, September 4, 2013

Positive Money — 10 year old explains the truth about where money comes from...

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10 year old explains the truth about where money comes from... Positive Money (h/t Ralph Musgrave via email) Positive Money has ...
1 comment:
Tuesday, June 4, 2013

Dan Kervick — Do Banks Create Money from Thin Air?

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It is sometimes said that commercial banks in our modern monetary system create money “from thin air”.  While there is truth in this metaph...
2 comments:
Sunday, June 2, 2013

Paul Meli — Does Credit Drive the Economy?

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Much of the commentary on the economy seems to assume that it is driven by credit. The statement often made in blogs and news articles is t...
38 comments:
Tuesday, May 14, 2013

Auburn Parks — Of course money doesn't grow on trees.....its not a commodity!

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Getting the word out to the progressive community. Daily Kos — Money and Public Purpose Of course money doesn't grow on trees.....its no...
28 comments:
Saturday, April 27, 2013

Andrew Lainton — Optimum Taxation Policy and the Impact of Public Debt Under Modern Monetary Theory

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This post was prompted by Tim Wortsall, of all peoples, post on whether progressive taxation makes sense a MMT world. In a sense he was ri...
2 comments:
Saturday, April 6, 2013

Lord Keynes — Bitcoin is no Great Mystery

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Lord Keynes reflects on Bitcoin. Social Democracy For The 21St Century Bitcoin is no Great Mystery Lord Keynes
1 comment: