Month: July 2022

Comments and responses on the Modern Money Primer Part 7.

This week, let us take a peek behind the currency. Is there anything there, other than the Fed Chairman’s—how shall we put it—family jewels?

Comments and responses on the Modern Money Primer Part 6.

Comments and responses on the Modern Money Primer Part 5.

Beginning with this blog we will begin to develop our theory of sovereign currency.

Attempts to cut deficit spending presume that government budget deficits are discretionary. If only the government were to try hard enough, it could slash its deficit.

Comments and responses on the Modern Money Primer Part 4.

In today’s blog we will go a bit deeper into the accounting, looking at the relation between flows (deficits) and stocks (debts).

Comments and responses on the Modern Money Primer Part 3.

This week we will take a little break from pure accounting, and apply what we’ve learned to a real world example.