Money Growth Does Not Cause Inflation!
It is conventional wisdom that printing more money causes inflation. The only problem is, it’s not true. That’s not how inflation works.
MMT
Back to [MMT] Basics
From the definition of a dollar as a unit of measure all the way to what The Fed is and how public policy can be informed – Grumbine runs the gamut on MMT basics.
The Dilemma of the Cooperative Gene
Given the relationship between “money” and real resources, it is impossible to equitably “share” real resources, and effectively create collective goods, when money is a scarce commodity controlled by competition.
Let’s Play the Pay For Game
Admit that taxes don’t “pay for” anything and that all government spending is paid for in one way and one way only—the Federal Reserve credits the appropriate bank accounts.
Longing for Genuine Global Solidarity
So join me in this struggle, it’s my final plea. I’ll die trying if I have to, for this better future is within reach, and it’s yearning to be set free.
Four Purposes of Federal Taxes
Beardsley Ruml wrote in 1946 that taxes for revenue are obsolete. So what ARE they for?
Bernanke’s 29 Trillion Dollar Fog of Deceit
It is certain that no government anywhere, ever, has committed so much to benefit so few.
A Hyperinflation Hyperventilator Cannot Be Reasoned With
Quite frankly… you are not worth the effort. Come back to me when you are ready to talk in good faith.
Weimar Republic Hyperinflation Through a Modern Monetary Theory Lens
In this article, we dispute the mainstream view that the inflation of the Weimar Republic was caused by a proactive expansion of the stock of money by the German government acting in concert with the Reichsbank.
MMT 101: Response to the Critics Part 3
In this piece, we study the interaction between the government and nongovernment sectors while retaining the consolidation hypothesis.
