New Economic Perspectives

The best kind of payment is an obligatory one—one that must be made to stay out of prison, or to avoid death by thirst. An obligatory payment that must be made in the sovereign’s own currency will guarantee a demand for that currency.

Comments and responses on the Modern Money Primer Part 8.

In short, to avoid the penalties imposed for non-payment of taxes (that could include prison), the taxpayer needs to get hold of the government’s currency.

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.