MMP Blog #24 Responses
Comments and responses on the Modern Money Primer Part 24.
Central Bank
MMP Blog #22: Reserves, Government Bond Sales, and Savings
Since government deficits create an equivalent amount of nongovernment savings, it is impossible for the government to face an insufficient supply of savings.
MMP Blog #20: Effects of Sovereign Government Budget Deficits on Saving, Reserves and Interest Rates, (continued)
There are often two objections to the claim that government spending effectively takes place by simultaneously crediting the recipient’s bank account as well as the bank’s reserves.
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.