Mosler Economics Modern Money Theory
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Mosler economics modern money theory. He was awarded a doctor h c. Money is a debt or iou of the state the history of money makes several important points. By the franklin university switzerland and in 2014 was appointed visiting professor at the university of bergamo italy. Click here for the white paper on modern money theory italian version.
We are a team of economists keen on sharing knowledge about the economics of money. A coalition of economic policy institutions umkc blog cfeps center for full employment and price stability billy blog economia monetaria. Through this platform we will provide information that will go beyond the technical aspects of economics and delve into how the financial decisions you. In a modern highly financialised economy based on credit money is not just a veil on economic transactions as neoclassical theory has it but is constitutive of theentire economy not only enabling transactions but also financing and ever more often forerunningly pre financing investment and consumption.
Updated may 6 2020 modern monetary theory mmt is a heterodox macroeconomic theory that for countries with complete control over their own fiat currency government spending cannot be thought of. Don t vote for anyone who wants to balance the federal budget. The 7 deadly innocent frauds of economic policy. 3 309 likes 9 talking about this.
First the monetary system did not start with some commodities used as media of exchange evolving progressively toward precious metals coins paper money and finally credits on books and computers. E modern monetary theory or modern money theory mmt is a macroeconomic theory considered by some as heterodox that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings requirements. Our goal is to help you understand money better and we promise to limit the economic jargon. If you ignore those biases you can learn a lot about the nature of money from historians.
Mosler is a proponent and research financier of post keynesian modern monetary theory. Almost all of them also adopt a commodity money view gold was good money and fiat paper money causes inflation. Then personal income fell back some consumption increased some and savings went down some. Mmt for you and me video epic.
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