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#monetarysystem — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #monetarysystem, aggregated by home.social.

  1. The medium of exchange is one core function of money. It matters because trade depends on acceptance and liquidity.

    #MonetarySystem #Money

  2. “If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”

    Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.

    We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.

    youtube.com/watch?v=9TDSGSg6rr4

    #economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism

  3. “If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”

    Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.

    We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.

    youtube.com/watch?v=9TDSGSg6rr4

    #economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism

  4. “If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”

    Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.

    We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.

    youtube.com/watch?v=9TDSGSg6rr4

    #economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism

  5. “If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”

    Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.

    We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.

    youtube.com/watch?v=9TDSGSg6rr4

    #economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism

  6. “If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”

    Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.

    We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.

    youtube.com/watch?v=9TDSGSg6rr4

    #economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism

  7. PitchFork Economics: "Today, each dollar in circulation generates up to 70% less economic activity than it did just ten years ago."

    Ann Pettifor: "Where does money come from? Money comes from individuals applying for loans in the first instance; or money originates as credit."

    Ann Pettifor: "Money is created by you and me. And we need a bank to help us do that."

    pitchforkeconomics.com/episode

    #credit #confidence #moneyCreation #activity #business #growth #MMT #banking #monetarySystem #money

  8. This video-interview has a great run-down on how money developed throughout history - and especially the last 15 years, where you can create and send money in milliseconds. And what that might mean for the future.

    I've got skeptical about the "inflation will come because of debt" stories, because I've heard them since the 90s. But this guest (Lyn Alden) gives some convincing arguments.

    youtube.com/watch?v=DnpczZRBeE

    #Money #Inflation #Fiat #MonetarySystem #LynAlden #Bitcoin #Crypto #MMT #Investing

  9. Canada’s reserve-less #MonetarySystem offers a more simple introduction to understanding #ModernMoney / #CreditMoney

  10. Putin just labelled the #monetarySystem out of the #USA as a "#printingPress".

    An Oof… to some.

    One of our favourite books from the decade has to be '#GrowingForBroke' (2016) by the late #PeterNorth. It described how the obsession with #GDPGrowth was not only wrecking havok on #Australia's #environment and globally but also set to destroy our #economy.

    We talked about it extensively, but the #growthObsession only took a breather during #COVID.

    #bitcoinFixesThis #moneyPrinterGoDrr #putin