What if the Public Understood How Money Works?
The truth about federal finance used to be common household knowledge, maybe it should be again.
The truth about federal finance used to be common household knowledge, maybe it should be again.
By now (2012), economists should know better than to rely on private borrowing alone to keep economies from underperforming.
Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They answered.
It may surprise you to know that the banking sector is one of the most regulated industries in the United States.
The US financial system is extremely complicated and this series sheds light only on some corners of that system by focusing on the banking sector.
Given that the concept of leverage will be used often in the upcoming posts, this post spends some time explaining what leverage is and some of its impacts on the balance sheet of any economic unit.
This post studies how the Fed is involved in fiscal operations and how the U.S. Treasury is involved in monetary-policy operations.
This post answers some FAQs about monetary policy and central banking.