#monetarytheory — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #monetarytheory, aggregated by home.social.
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Even Fallout's New California Republic had currency backed with water, not near-water.
Gresham's Law would describe Coors only finding the respect of the captive poor with craft beers and other beverages reserved for the rich and for export. What a terrible fate for such a quintessentially "lawnmower beer," which used to be marketed on the basis that it could be served cold.
#Fallout #CraftBeer #greshams_law #Economics #MonetaryTheory
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Even Fallout's New California Republic had currency backed with water, not near-water.
Gresham's Law would describe Coors only finding the respect of the captive poor with craft beers and other beverages reserved for the rich and for export. What a terrible fate for such a quintessentially "lawnmower beer," which used to be marketed on the basis that it could be served cold.
#Fallout #CraftBeer #greshams_law #Economics #MonetaryTheory
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Even Fallout's New California Republic had currency backed with water, not near-water.
Gresham's Law would describe Coors only finding the respect of the captive poor with craft beers and other beverages reserved for the rich and for export. What a terrible fate for such a quintessentially "lawnmower beer," which used to be marketed on the basis that it could be served cold.
#Fallout #CraftBeer #greshams_law #Economics #MonetaryTheory
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Even Fallout's New California Republic had currency backed with water, not near-water.
Gresham's Law would describe Coors only finding the respect of the captive poor with craft beers and other beverages reserved for the rich and for export. What a terrible fate for such a quintessentially "lawnmower beer," which used to be marketed on the basis that it could be served cold.
#Fallout #CraftBeer #greshams_law #Economics #MonetaryTheory
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MMT 101: Governments create all the money that we use. They also give it all of it’s value.
Now reverse that and think what happens if crypto creates the money we use?
Yup. They become enarmored with powers of the government to some extent. I don’t want crime rings to mingle with my government!
Yet: This is precisely what the Trump administration is doing. This is their most important project of all! 🥶
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MMT 101: Governments create all the money that we use. They also give it all of it’s value.
Now reverse that and think what happens if crypto creates the money we use?
Yup. They become enarmored with powers of the government to some extent. I don’t want crime rings to mingle with my government!
Yet: This is precisely what the Trump administration is doing. This is their most important project of all! 🥶
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MMT 101: Governments create all the money that we use. They also give it all of it’s value.
Now reverse that and think what happens if crypto creates the money we use?
Yup. They become enarmored with powers of the government to some extent. I don’t want crime rings to mingle with my government!
Yet: This is precisely what the Trump administration is doing. This is their most important project of all! 🥶
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MMT 101: Governments create all the money that we use. They also give it all of it’s value.
Now reverse that and think what happens if crypto creates the money we use?
Yup. They become enarmored with powers of the government to some extent. I don’t want crime rings to mingle with my government!
Yet: This is precisely what the Trump administration is doing. This is their most important project of all! 🥶
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MMT 101: Governments create all the money that we use. They also give it all of it’s value.
Now reverse that and think what happens if crypto creates the money we use?
Yup. They become enarmored with powers of the government to some extent. I don’t want crime rings to mingle with my government!
Yet: This is precisely what the Trump administration is doing. This is their most important project of all! 🥶
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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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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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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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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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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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"Modern Monetary Theory (MMT) is a hip economic/financial paradigm apparently sweeping a world unsatisfied with mainstream economics. Over the past year, I have been hearing a growing number of people refer to MMT: either fans who think it blows up my Austrian views, or foes who think it deserves a full-scale critique." https://mises.org/mises-daily/upside-down-world-mmt #mmt #economics #austrianeconomics #monetarytheory #mmtfallacy
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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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“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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“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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“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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“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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“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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“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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“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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“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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I'm with M. Grégoire; I don't buy "Modern Monetary Theory", which seems to be half witchcraft and half voodoo (as opposed to economics in the normal way a la Henry Hazlitt). I assure you, I'm not ignorant of economics.
The money for national government spending comes from three sources: taxes collected, bonds issued, or simple monetary inflation (i.e. printing money). The latter two have negative impacts on an economy, but on different timescales.
If you artificially throttle taxes collected, then you force the government to choose one of the other two. And as I said, that will cause the feds pain.
#economics #EconomicsInOneLesson #HenryHazlitt #MonetaryTheory
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I'm with M. Grégoire; I don't buy "Modern Monetary Theory", which seems to be half witchcraft and half voodoo (as opposed to economics in the normal way a la Henry Hazlitt). I assure you, I'm not ignorant of economics.
The money for national government spending comes from three sources: taxes collected, bonds issued, or simple monetary inflation (i.e. printing money). The latter two have negative impacts on an economy, but on different timescales.
If you artificially throttle taxes collected, then you force the government to choose one of the other two. And as I said, that will cause the feds pain.
#economics #EconomicsInOneLesson #HenryHazlitt #MonetaryTheory
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I'm with M. Grégoire; I don't buy "Modern Monetary Theory", which seems to be half witchcraft and half voodoo (as opposed to economics in the normal way a la Henry Hazlitt). I assure you, I'm not ignorant of economics.
The money for national government spending comes from three sources: taxes collected, bonds issued, or simple monetary inflation (i.e. printing money). The latter two have negative impacts on an economy, but on different timescales.
If you artificially throttle taxes collected, then you force the government to choose one of the other two. And as I said, that will cause the feds pain.
#economics #EconomicsInOneLesson #HenryHazlitt #MonetaryTheory
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I'm with M. Grégoire; I don't buy "Modern Monetary Theory", which seems to be half witchcraft and half voodoo (as opposed to economics in the normal way a la Henry Hazlitt). I assure you, I'm not ignorant of economics.
The money for national government spending comes from three sources: taxes collected, bonds issued, or simple monetary inflation (i.e. printing money). The latter two have negative impacts on an economy, but on different timescales.
If you artificially throttle taxes collected, then you force the government to choose one of the other two. And as I said, that will cause the feds pain.
#economics #EconomicsInOneLesson #HenryHazlitt #MonetaryTheory
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I'm with M. Grégoire; I don't buy "Modern Monetary Theory", which seems to be half witchcraft and half voodoo (as opposed to economics in the normal way a la Henry Hazlitt). I assure you, I'm not ignorant of economics.
The money for national government spending comes from three sources: taxes collected, bonds issued, or simple monetary inflation (i.e. printing money). The latter two have negative impacts on an economy, but on different timescales.
If you artificially throttle taxes collected, then you force the government to choose one of the other two. And as I said, that will cause the feds pain.
#economics #EconomicsInOneLesson #HenryHazlitt #MonetaryTheory
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"#Money, and the forms it takes in a society, is as much about social norms as it is about pure economic efficiency," writes Esward Prasad in his book "The Future of Money" in the opening to chapter seven. Exactly.
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#economics #MonetaryTheory #CBDC -
"#Money, and the forms it takes in a society, is as much about social norms as it is about pure economic efficiency," writes Esward Prasad in his book "The Future of Money" in the opening to chapter seven. Exactly.
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#economics #MonetaryTheory #CBDC -
"#Money, and the forms it takes in a society, is as much about social norms as it is about pure economic efficiency," writes Esward Prasad in his book "The Future of Money" in the opening to chapter seven. Exactly.
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#economics #MonetaryTheory #CBDC -
"#Money, and the forms it takes in a society, is as much about social norms as it is about pure economic efficiency," writes Esward Prasad in his book "The Future of Money" in the opening to chapter seven. Exactly.
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#economics #MonetaryTheory #CBDC -
"#Money, and the forms it takes in a society, is as much about social norms as it is about pure economic efficiency," writes Esward Prasad in his book "The Future of Money" in the opening to chapter seven. Exactly.
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#economics #MonetaryTheory #CBDC -
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
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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
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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
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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
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Modern money theory. Credit to @RichardJMurphy Essential reading for anyone interested in the economy:
https://www.taxresearch.org.uk/Blog/wp-content/uploads/2023/04/Modern-monetary-theory.pdf
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Modern money theory. Credit to @RichardJMurphy Essential reading for anyone interested in the economy:
https://www.taxresearch.org.uk/Blog/wp-content/uploads/2023/04/Modern-monetary-theory.pdf
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Modern money theory. Credit to @RichardJMurphy Essential reading for anyone interested in the economy:
https://www.taxresearch.org.uk/Blog/wp-content/uploads/2023/04/Modern-monetary-theory.pdf
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Modern money theory. Credit to @RichardJMurphy Essential reading for anyone interested in the economy:
https://www.taxresearch.org.uk/Blog/wp-content/uploads/2023/04/Modern-monetary-theory.pdf
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Assorted Articles IX
I'm making my way through a collection of political articles I tucked away and found gems I want to share.