#monetarytheory — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #monetarytheory, aggregated by home.social.
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Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.
The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.
#FederalDeficit #fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryTheory #quotes #deficit #CentralBank #CentralBanks #Treasury #MMT
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“The government can always finance its spending by creating money.”
~Hyman Minsky, economist#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT
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“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”
– Eric Tymoigne is an associate professor of economics at Lewis & Clark College, NY, who specializes in the fields of #money and #banking, monetary theory, and financial macroeconomics
#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT
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Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value - Over the past ten years, fervent supporters of digital currency have engaged in in... - https://news.bitcoin.com/bitcoins-path-to-money-mengers-theory-and-the-debate-on-medium-of-exchange-vs-store-of-value/ #spontaneoussocialinstitution #transactionacceptance #learning-insights #austrianeconomics #valuepreservation #mediumofexchange #cryptocurrency #menger’stheory #monetarytheory #commodity