#moneycreation — Public Fediverse posts

RE: https://mas.to/@RichardJMurphy/116894064217038854

"Two types of money. One comes with a chain. One does not."

I hadn't heard the chain metaphor before. It's a good one.

#money #moneycreation #economics

RE: https://mastodon.social/@FluentInFinance/115970297280530554

It gets even wilder when people learn that approx. 90% of money creation is not the fiat dollars that the gov't creates, but rather the ones created by bank lending!
That's right; as Prof. Steve Keen says, "Bank lending creates money."
You don't learn that in your college econ 101class (if it's teaching Neoclassical economics, as most are).
So one of the dumbest things done in my lifetime was bank deregulation.
#economics #moneycreation #bankloanscreatemoney #ProfSteveKeen #BankDeregulation

"Why are the targets for reducing emissions not being met or now even agreed? The answer is money. Despite the harm, the world’s governments provided $956bn in direct fossil fuel subsidies in 2023."

Michael Roberts: https://thenextrecession.wordpress.com/2025/11/23/cop-30-its-no-joke/

#climateChange #capitalism #economics #macroEconomy #oilAndGas #fossilFuels #climatePolicies #climatePolitics #transition #energyTransition #creditGuidance #money #moneyCreation #banks #banking #finance #GHG #CO2 #carbon #climateBreakdown #politicalEconomy

"Central bankers are not detached, objective technocrats, but powerful political actors, whose decisions favour the powerful, and hurt the weak."

Ann Pettifor: https://annpettifor.substack.com/p/technocrats-as-handmaidens-to-authoritarianism

#interestRates #centralBanks #Fed #money #credit #economics #FederalReserve #technique #technocrats #technocracy #yields #economists #monetaryPolicy #budget #debt #deficits #Crimea #moneyCreation #monetaryCreation #exploitation

@climate 2/2

"Wielding the power of #credit, commercial banks get to determine the allocation of investment and therefore determine what gets produced."

Sovereign states can easily "impose rules that limit the quantity of finance that commercial banks can invest in problem sectors."

https://www.jasonhickel.org/blog/2024/8/20/credit-guidance-how-we-achieve-degrowth

#climatePolicies #transition #ecologicalTransition #creditGuidance #money #moneyCreation #banks #banking #finance #footprint #GHG #CO2 #carbon #production #climateChange #politicalEconomy

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."

https://www.pitchforkeconomics.com/episode/back-to-basics-series-the-velocity-of-money-with-ann-pettifor/

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

"In a sense, there is a massive private sector stimulus program underway in the U.S.. There is an AI datacenter spending program, one that is reallocating gobs of spending, as well as injecting even more.
[…]
"AI capex was likely the early-2025 difference between a mild contraction and a deep one, helping mask underlying economic weakness"
https://paulkedrosky.com/honey-ai-capex-ate-the-economy/

#moneyCreation #bubble #finance #dataCenters #energy #Cloud #electricity #recession #GAFAM #genAI #Microsoft #economy #emissions #CO2

Financial institutions should have stopped supporting #coal companies years ago. So far, only 88 top financial institutions – less than 23% – have adopted a coal policy including an explicit restriction for coal developers
Find more at https://coalpolicytool.org/ 🧵

#credit #money #moneyCreation #funds #climatePolicies #banks #finance #coal #footprint #GHG #CO2 #carbon #economy #production #industry #energy #emissions #globalHeating #climateBreakdown #climateChange #macroEconomy

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

“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

“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

@economics

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT

Sovereign states invest or spend as much as they want by issuing they own money and credit.

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #money #slogan #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration

Musk talking about ”Magic Money Computers” is like a toddler not understanding how banks and governments have been creating money since ages.

Welcome to the real world, Elon.

https://youtube.com/watch?v=oh9hmVJapCg
#money #debt #moneycreation #economics

Prof. Steve Keen

Inflation does not correspond with government debt. There is no correlation in the data for US economy over a century. If anything, the correlation is negative.

Where there is a correlation, it’s with private debt and oil prices.

Yet I’ve heard all my life, people on the right go endless on about how government debt creates inflation.

It’s almost as if they were doing it on purpose, hiding the real culprits

#economics #inflation #debt #moneycreation
https://youtube.com/watch?v=CwCjgKmE0nE

@profstevekeen explains how the model Elon Musk and other #governmentspending cutters use to inflict #austerity on us is wrong.

It’s based on false ideas about economy from the middle ages.

For us living in the 21st century, government borrowing to finance the deficit is a sustainable system because of central banks and private banks are constantly creating money.

Boom! Abundance, not scarcity!
Fiat money rocks 🙂
#economy #deficit #moneycreation
https://youtube.com/watch?v=pGAhw6j2yis

WDR 21.03.1729: Wie John Law mit einem Papiergeldsystem Frankreich retten wollte
https://www.youtube.com/watch?v=lIrob0IKA3A
John Law of Lauriston oder französisch John Law de Lauriston (* 16. April 1671 in Edinburgh; † 21. März 1729 in Venedig) war ein schottischer Nationalökonom und Bankier.
https://de.wikipedia.org/wiki/John_Law
https://www.britannica.com/biography/John-Law
Mississippi Bubble
https://www.britannica.com/money/Mississippi-Bubble
John Law and the Mississippi Bubble: 1718-1720
https://www.mshistorynow.mdah.ms.gov/issue/john-law-and-the-mississippi-bubble-1718-1720
#finance #moneycreation #history