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Search Results for: inflation
A Coin for Reading
By J. D. Alt In a recent essay I suggested that MMT might be applied incrementally to put people to work creating certain very special public goods. I suggested that the social norms which prevent people from “seeing” the logic … Continue reading
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Goldman Sachs Proof that God hates its Customers
By William K. Black The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, says he believes banks serve a social purpose and are “doing God’s work.”
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Posted in William K. Black
Tagged accounting control fraud, banksters, crony capitalism, goldman sachs, serial abuses, vampire squid
Downsides to the Platinum Coin; or Just Defense of the Status Quo?
By Joe Firestone As part of a wonderful discussion thread on the legal basis for using Platinum Coin Seigniorage (PCS), following a post by beowulf (Carlos Mucha), the first to propose the Trillion Dollar Coin (TDC). Michael Sankowski, one of … Continue reading
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Beowulf and Diehl Embrace Trillion Dollar Coin Incrementalism!
By Joe Firestone A wonderful discussion thread has been going on at Monetary Realism (MR) after a very good new post by beowulf (Carlos Mucha), who first brought forward the proposal for the Executive Branch to use the authority provided in … Continue reading
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From Central Bank Independence to Democratic Public Finance
By Dan Kervick Effective governance in any country requires a well-designed system of public finance through which that government can achieve its various purposes and pursue the public interest. If the system of public finance is poorly structured, the public … Continue reading
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Posted in Dan Kervick
Tagged Fiscal Policy, MMT, Modern Monetary Theory, Monetary policy
Good Luck Stopping Austerity With Incremental Platinum Coin Seigniorage!
By Joe Firestone Some have responded to the recent boomlet for using Platinum Coin Seigniorage (PCS) as a solution to the debt ceiling problem, by reacting to the ridicule visited upon PCS advocates by know-nothings like Heidi Moore of the Guardian and … Continue reading
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Our Leaders Are Mistaking the Modern Money System for a Fistful of Dollars – Part 2
By Michael Hoexter An Adjustable Liquidity Source and Liquidity Sink While it may seem obvious and a tautology to treat money as a “liquidity source”, sometimes, especially in an area of life where there are many unexamined assumptions, it makes … Continue reading
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Posted in Michael Hoexter
Tagged fiat currency, functional fiinance, liquidity, MMT, Modern Monetary Theory
Our Leaders Are Mistaking the Modern Money System for a Fistful of Dollars – Part 1
By Michael Hoexter When looking down at earth from space, you would be able to see the shapes of continents and even, if you are aware of geological history, the way, for instance that Africa and South America fit together … Continue reading
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Posted in Michael Hoexter
Tagged fiat currency, functional finance, liquidity, MMT, Modern Monetary Theory
THE PERMANENT FLOOR 2004
By Scott Fullwiler The discussion over the permanent floor has led to a (in my view) fantastic post from Steve Randy Waldman. His key conclusions regarding how interest on reserve balances works are the following:
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MMT and Social Norms
By J. D. Alt Chris Hayes’ recent MSNBC show on the Trillion Dollar Coin brought four aspects of the Modern Money debate, for me at least, into a clearer focus. I list them here not in their order of appearance … Continue reading
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Posted in J. D. Alt
Tagged MMT, Modern Monetary Theory, resource constraints, Trillion Dollar Coin
