New Economic Perspectives Collection
A growing archive of posts from all your favorite MMT greats, republished with permission from the original New Economic Perspectives blog.
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MMP Blog #14 Responses
Comments and responses on the Modern Money Primer Part 14.
MMP Blog #14: IOUs Denominated in the National Currency: Government and Private
This week we return to our analysis of the operation of today’s monetary system, examining the denomination of IOUs in the state money of account.
MMP Blog #15 Responses
Comments and responses on the Modern Money Primer Part 15.
MMP Blog #15: Clearing and the Pyramid of Liabilities
This week we examine bank clearing and the notion of a “pyramid” of liabilities with the government’s own IOUs at the top of that pyramid.
MMP Blog #16 Responses
Comments and responses on the Modern Money Primer Part 16.
MMP Blog #16: The Unusual Case of Euroland
The fundamental point to be made here is that the Euro arrangement was flawed from the beginning.