Jack Silverman·Dec 9, 2022Member-onlyYour Instant Guide to Money and Economics-plus a second, slower part that is not as Instant. — part I For ethnic groups who care for animals the wealth is in the animals. There are such groups. Amongst those people a poor person has one ox. But a rich one has ten. When a group uses money that really puts everything onto a quantitative basis. Now we see everything in…Mmt3 min readMmt3 min read
ANG Traders·Oct 27, 2022Follow The MoneyMoney is what releases real resources like labour and commodities, and government spending is how money is added to the economy (private sector bank accounts). Treasury budget-deficits represent the money that was left in the economy (i.e., not taxed back and cancelled). FEDERAL GOVERNMENT DEFICITS = PRIVATE SECTOR SURPLUSES Treasury budget-deficits are good for the economy, yet nearly everyone on this planet has it backwards!Mmt2 min readMmt2 min read
Keith Evans·Oct 17, 2022Member-onlyIf You Believe . . . . .. . . any of the myths about money listed here, you probably shouldn’t vote, much less advise about finances. If you wish to take financial advice from someone who exploits these myths, well, a fool and his money shouldn’t have gotten together in the first place. If the myth is perpetuated by a politician, please, don’t give them the power to force them into our reality by electing them. Myth #1: Creating more money automatically causes inflation.Mmt5 min readMmt5 min read
Cory Doctorow·Sep 15, 2022Member-onlyMoneylikeMy Locus Magazine column about what makes money money. — My latest column for Locus Magazine is “Moneylike,” about the relationship between money, liabilities and coercion: https://locusmag.com/2022/09/cory-doctorow-moneylike/ For years, economics textbooks have included a “money story”: once upon a time, we bartered, trading chickens for cows. This was hard. …Mmt8 min readMmt8 min read
Abhisek Dash·Jul 26, 2022Book Review : The Deficit Myth — Modern Monetary Theory and How to build a Better Economy by Stephanie KeltonIn conjunction with the Fiscal Monitor of the International Monetary Fund, approximately six percent of the world’s GDP was directed by governments worldwide in their effort to introduce fiscal incentives to offset the pandemic induced economic downturn. Thus, the contemporary observations continue to indicate that once again the fiscal activist…Mmt6 min readMmt6 min read
Andrew Hyunseung Kim·Jul 20, 2022Can the US Adopt the Modern Monetary Theory to Fund Development Projects?The Green New Deal, a combination of Roosevelt’s New Deal with modern ideas like renewable energy, is an assembly of ideas put forth by US Congresswoman Alexandria Ocasio-Cortez that calls for greater clean energy development, universal healthcare, and guaranteed jobs. …Mmt3 min readMmt3 min read
Cory Doctorow·Jul 15, 2022Member-onlyMoneylikeMy September, 2022 column for Locus Magazine — “Five thousand quatloos that the newcomers will have to be destroyed.” Quatloos. Credits. Euros. Dollars. Dogecoin. Wait, Dogecoin? At some point in your life, you’ve probably asked yourself, “What is money?” There’s something existential about pulling a bank-note out of your wallet and asking yourself, “Why does so much of…Mmt12 min readMmt12 min read
Darren Quinn·Jun 9, 2022This post begins our three-part series (I, II, III) by Rohan Grey that was originally an…This post begins our three-part series (I, II, III) by Rohan Grey that was originally an educational tweetstorm. Rohan Grey is a Modern Money scholar, founder of the Modern Money Network (MMN) and Lawyer. Three common misconceptions originally sourced from Wolfgang Theil are: 1. MMT applies to countries other than…Mmt4 min readMmt4 min read
Anthony McCloskey·Jun 6, 2022Member-onlyWhat is Modern Monetary Theory and why is it gaining traction?Modern Monetary Theory (MMT) is a relatively new economic theory, dating back to the late 20th century, that has been gaining popularity in recent years. MMT is based on the premise that countries that issue their currency can never run out of money and therefore can always pay for public…Mmt5 min readMmt5 min read
Cory Doctorow·Jun 1, 2022Member-onlyInflation is caused by too little capacityNot too much money. — Inflation is here, and there are a lot of explanations for it. People who worry about the monetary supply — especially people in the deflation-loving cryptocurrency world — blame it on excessive money creation during the pandemic and uppity workers demanding higher wages: https://www.businessinsider.com/elon-musk-remote-work-makes-you-less-productive-wrong-2022-6 Anti-monopolists blame inflation on price-gouging. This…Mmt7 min readMmt7 min read
