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Banking

Do We Need Taxes? The MMT Perspective

Do We Need Taxes? The MMT Perspective

November 5, 2024May 29, 2023 by L. Randall Wray

It’s elementary, my dear Holmes. Taxes drive the currency.

Categories New Economic Perspectives Tags Banking, Bitcoin, MMT, Taxation
SVB: It's a Wonderful Lie

SVB: It’s a Wonderful Lie

November 5, 2024May 14, 2023 by Roger Gest

So, who is responsible for this fiasco? Or for the last one? Or the next?  Any reasonable person can see that the present system is untenable.

Categories Economic Justice Tags Banking, Federal Reserve, Inflation
How Banks Create Money When They Lend

How Banks Create Money When They Lend

October 27, 2024September 22, 2022 by Charlie Silva

It is up to academics and informed lay-people alike to alter the understanding of banking in the public consciousness.

Categories Economic Justice Tags Banking, Federal Reserve
Where to Start Learning About MMT

Where to Start Learning About MMT

October 21, 2024March 22, 2022 by Steven D. Grumbine

Have you recently discovered MMT or Modern Monetary Theory and want to learn more but aren’t sure where to start? Well, start at the beginning, of course!

Categories Economic Justice Tags Banking, Federal Job Guarantee, MMT
Money and Banking (Part 4 - Monetary Policy Implementation)

Money and Banking (Part 4 – Monetary Policy Implementation)

January 9, 2025September 15, 2021 by Eric Tymoigne

While details in operating procedures have changed through time, the federal funds rate has progressively gained in importance as a relevant operating tool since the 1920s.

Categories New Economic Perspectives Tags Banking, Federal Reserve
Money and Banking (Part 3 - Monetary Base, Reserves, and Central Bank’s Balance Sheet)

Money and Banking (Part 3 – Monetary Base, Reserves, and Central Bank’s Balance Sheet)

January 9, 2025September 14, 2021 by Eric Tymoigne

Now that we have an understanding of how the balance sheet of the Fed works, it is possible to go into the details of how the Fed operates in the economy in terms of monetary policy.

Categories New Economic Perspectives Tags Banking, Federal Reserve
Money and Banking (Part 2 - Central bank balance sheet and immediate implications)

Money and Banking (Part 2 – Central bank balance sheet and immediate implications)

January 9, 2025September 13, 2021 by Eric Tymoigne

Part 1 reviewed basic balance-sheet mechanics. This post begins to apply them to the Federal Reserve System (Fed).

Categories New Economic Perspectives Tags Banking, Federal Reserve, Taxation
Money and Banking (Part 1 - Balance Sheet)

Money and Banking (Part 1 – Balance Sheet)

January 8, 2025September 12, 2021 by Eric Tymoigne

If you cannot put your reasoning in terms of a balance sheet, there is a problem in your logic.

Categories New Economic Perspectives Tags Banking
Bernanke’s 29 Trillion Dollar Fog of Deceit

Bernanke’s 29 Trillion Dollar Fog of Deceit

October 19, 2024January 24, 2021 by L. Randall Wray

It is certain that no government anywhere, ever, has committed so much to benefit so few.

Categories Economic Justice, New Economic Perspectives Tags Banking, Federal Reserve, MMT

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