Resources NOT Dollars
Money has no power without labor, raw materials, ideas, and other resources.
These simple references are to allay any source of confusion, with what media commentators are calling Modern Monetary Theory compared to actual Modern Monetary Theory.
Part II of this series on the differences between monetary and fiscal policy addresses the operations between the central bank and private banks.
This two-part series explains what monetary and fiscal policy are and the differences between the two.
Any object can serve as a form of money, from rocks and sticks to cigarettes and gum, or from paper bills and coins to electronic records and coupons. What lies beyond the currency is the willingness of others to accept that form of currency.
A timeline of the monetization of our country; the impetus of the national debt, and how various state and federal banking systems, with Congress’ help, shaped our country’s economics.
Economics is the study of how societies allocate limited resources (such as land, water, human labor, or machinery) among the wants of those societies, recognizing that wants are seemingly unlimited.
Once you stop being afraid, you can objectively learn.
This is the real joke thats not funny. MMT is no joke – but how it is currently being abused is.A progressive application of MMT (again, not MMT itself) merely seeks to shift that ‘socialism’ MLK mentioned away from imperialist behavior and toward our own countrypeople.