The Money Chronicle
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The Money Chronicle
Issues dealing with money reform and changes to our monetary system
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▶ Money creation in the modern economy - Quarterly Bulletin article - YouTube

For the Bulletin article on money creation, see: www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf Film...
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“Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves…  When a bank makes a loan to one of its customers it simply credits the customer’s account with a higher deposit balance. At that instant, new money is created…”

 

the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks. Banks first decide how much to lend depending on the profitable lending opportunities available to them…It is these lending decisions that determine how many bank deposits are created by the banking system. The amount of bank deposits in turn influences how much central bank money banks want to hold in reserve (to meet withdrawals by the public, make payments to other banks, or meet regulatory liquidity requirements), which is then, in normal times, supplied on demand by the Bank of England

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Free [PDF] Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems,

click link http://book99download.com/readbook.php?asin=1137539909.html Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary ...
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Modern Monetary Theory and European Macroeconomics - Education - Maastricht University

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Does Money Really Grow on Trees? (Video)

Does Money Really Grow on Trees?  (Video) | The Money Chronicle | Scoop.it
Tweet Watch this great presentation by Positive Money researcher Frank van Lerven that he gave at the Z-day event in London on 2nd April 2016.
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A guide to public money creation: Outlining the Alternatives to Quantitative Easing

A guide to public money creation: Outlining the Alternatives to Quantitative Easing | The Money Chronicle | Scoop.it
Tweet Despite a surge in growth in 2014, a number of issues still threaten the sustainability of the UK’s economic recovery: Global growth has been at its lowest since the 2008 financial crash. Low productivity is puzzling UK policymakers.
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To what extent can Positive Money and Modern Monetary Theory join forces?

To what extent can Positive Money and Modern Monetary Theory join forces? | The Money Chronicle | Scoop.it
Tweet A recent blog by Clint Ballinger highlights some of the similarities and differences between Positive Money’s proposals and those of Modern Monetary Theory (MMT) and other Post-Keynesian types of analysis.
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Why Capital Is Not Limited

Why Capital Is Not Limited | The Money Chronicle | Scoop.it
Yesterday we explained (to our own satisfaction, if no one else’s) that there can be no such thing as a finite amount of capital with which to finance new capital formation or acquisition. To recap, “money” is a measure, not a commodity.
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Binary Economics Disturbed Nelson Rockefeller? pt 2

Paula's Mom joins Harold and Paula on another discussion on radical but effective economic policy.In 1974 Harold Channer interviewed the second most ...
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Nick Egnatz on Social Justice through Monetary Reform

Nick Egnatz speaks on social Justice at the 11th Annual AMI Monetary Reform Conference in Chicago, September 2015. Nick is a Vietnam vet, and smal
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Social Credit and "Neutral" Monetary Policies: A Rant on "Helicopter Money" and "Monetary Neutrality"

Social Credit and "Neutral" Monetary Policies: A Rant on "Helicopter Money" and "Monetary Neutrality" | The Money Chronicle | Scoop.it
**Must-Read:** Badly-intentioned or incompetent policymakers can mess up any system of macroeconomic regulation. And we now have two centuries of history of demand-driven business cycles in industrial and post-industrial economies to teach us that there is no perfect, automatic self-regulating way to organize the economy at the macroeconomic level. Over and over again, the grifters, charlatans, and cranks ask: "Why doesn't the central bank simply adopt the rule of setting a "neutral" monetary policy? In fact, why not replace the central bank completely with an automatic system that would do the job?" Over the decades many have promised easy definitions of "neutrality", along with rules-of-thumb for maintaining it. All had their day: * advocates of the gold standard, * believers in a stable monetary base, * devotees of a constant growth rate for the (narrowly defined) supply of money; * believers in a constant growth rate for broad money and credit aggregates; * various "Taylor rules". And the answer, of course, is that by now centuries of painful experience have taught central bankers one thing: All advocates, wittingly or unwittingly, were simply selling snake oil. All such "automatic" rules and systems have been tried and found wanting. It i
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Binary Economics with Prof Ashford and Blastingcaps | The Money Chronicle

Binary Economics with Prof Ashford and Blastingcaps | The Money Chronicle | The Money Chronicle | Scoop.it
The solution to almost all if not all social and human problems is that of abundance for all. Join Paula Gloria on a live stream 3/09/08 with Prof. Rober | The Money Chronicle
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the Problem is not Debt, it's Interest

The Article can be found here: http://realcurrencies.wordpress.com/2012/08/25/the-problem-is-not-debt-its-interest-with-video/ The Problem is not Debt, it'
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NZ Democrats for Social Credit

NZ Democrats for Social Credit information for the voters of New Zealand.
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David Graeber: what the government doesn't want you to know about debt – video

David Graeber: what the government doesn't want you to know about debt – video | The Money Chronicle | Scoop.it
The one taboo of economics that the government is hiding from the public is the fact that if the government balances its books, it becomes impossible for the private sector to do the same
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Modern Monetary Theory and European Macroeconomics - Education - Maastricht University

An unusual summer holiday idea, if you happen to be in Europe.... https://t.co/iUIfKNZQZ9
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Prominent Activists and Special Advisors who advocate a different type of QE

Prominent Activists and Special Advisors who advocate a different type of QE | The Money Chronicle | Scoop.it
Tweet   In a recent post, Positive Money showed that there is a strong intellectual history behind the various proposals for alternatives to QE that were aimed at the real economy.
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Framing Modern Monetary Theory - Professor Bill Mitchell | The Money Chronicle

Framing Modern Monetary Theory - Professor Bill Mitchell | The Money Chronicle | The Money Chronicle | Scoop.it
This presentation was part of the 14th Path to Full Employment Conference/19th National Unemployment Conference which was held in Newcastle, December ... | The Money Chronicle
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Is Capital Limited?

Is Capital Limited? | The Money Chronicle | Scoop.it
As some of you may have noticed, we put the blog on “autopilot” for two days last week to attend the annual ESOP Association conference in Washington, DC . . . which was really handy, since we’re in Arlington.
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Stephanie Kelton Angry Bird Economics - Kiwanis Club Of St. Louis Park

Stephanie Kelton Angry Bird Economics - Kiwanis Club Of St. Louis Park | The Money Chronicle | Scoop.it

We plan to show a Stephanie Kelton video for our May 25th SLP Kiwanis Club meeting. Stephanie Kelton is Chair of the Department of Economics at the University of Missouri, Kansas City. She is a leading proponent of Modern Monetary Theory.
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Framing Modern Monetary Theory - Professor Bill Mitchell

This presentation was part of the 14th Path to Full Employment Conference/19th National Unemployment Conference which was held in Newcastle, December ...
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Fiscal Sustainability Conference 2010 (Part 10)

Fiscal Sustainability conference 2010. MMT - Modern Monetary Theory. Part 9 (of 10) “Policy Proposals for Fiscal Sustainability” L. Randall Wray, Professo
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Joe Thauberger on Monetary Reform Part 1

Joe Thauberger on Monetary Reform Part 1 The Problems of all Nations Under the heel of International Bankers and What Should be Done About It, at a Small ...
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In support of Positive Money

How fractional reserve banking is bad and why full reserve banking is better. A talk given by Michael Reiss. The talk starts with a description of fractional reserve ...
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Minsky, Inequality, and the Monetary:Fiscal Policy Outlook, S4, April 2016

Minsky, Inequality, and the Monetary:Fiscal Policy Outlook, S4, April 2016 MODERATOR: Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn ...
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