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Showing posts with label vertical money. Show all posts
Showing posts with label vertical money. Show all posts
Wednesday, May 30, 2012

Stephanie Kelton on why the US doesn't borrow to spend

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Excerpt from Stephanie Kelton "Can Taxes and Bonds Finance Government Spending?" (1998) (h/t y in the comments) Federal Reser...
40 comments:
Wednesday, April 25, 2012

Nick Rowe — Wicksteed, stocks and flows

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Hmmm. That's starting to sound like a transactions demand for money function. But if we have a demand to hold money for transactions p...
9 comments:
Thursday, April 19, 2012

Randy Wray — Does Chairman Bernanke Know Squat About Money?

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I think the biggest policy failures in Washington over the past three or four decades are caused by confusion over the nature of money, and...
2 comments:
Friday, April 13, 2012

Neil Wilson — The fixed exchange rate system at the heart of MMT

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Systems thinker Neil Wilson gives a very clear exposition of how the exogenous (vertical) and endogenous (horizontal) system interact, with...
32 comments:
Saturday, March 31, 2012

Roger Mitchell on bank nationalization

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Rodger says nationalize 'em. They had their chance and blew it. Read it at Monetary Sovereignty The end of private banking: Why the ...
1 comment:
Sunday, March 4, 2012

Dan Kervick — Interesting piece by Gavyn Davis today in the Financial Times

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Dan Kervick comments, "Interesting piece by Gavyn Davis today in the Financial Times. Further evidence that core insights of MMT are p...
9 comments:
Wednesday, January 11, 2012

Steve Keen — MMT Convergence?

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Neil Wilson recently posted  A Double Entry View on the Keen Circuit Model at 3spoken. This elicited some excellent comments, inclu...
2 comments: