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Positive Money » Conference “Modernising Money” – Register Now

Positive Money » Conference “Modernising Money” – Register Now | The Money Chronicle | Scoop.it
We are pleased to announce the 3rd annual Positive Money conference. With our economy stagnating and our political leaders still not having a clue about what to do to change the course, a conference entitled “Modernising ...
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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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Does Modern Monetary Theory make sense? | Prof Steve Keen on Patreon

Does Modern Monetary Theory make sense? | Prof Steve Keen on Patreon | The Money Chronicle | Scoop.it
Patreon is empowering a new generation of creators.
Support and engage with artists and creators as they live out their passions!
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The National Debit: Second Edition: How The Post-Gold-Standard, Modern Monetary System Really Works by Edward J. Delzio

The National Debit: Second Edition: How The Post-Gold-Standard, Modern Monetary System Really Works by Edward J. Delzio | The Money Chronicle | Scoop.it
The National Debit: Second Edition: How The Post-Gold-Standard, Modern Monetary System Really Works by Edward J. Delzio
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Deficit Owls - YouTube

Deficit Owls - YouTube | The Money Chronicle | Scoop.it
Citizens supporting Modern Monetary Theory (MMT), with the goal of educating the public on the need for policies promoting full employment and pric
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Sue Peters On Democracy In Action Explaining The Why & How Of Monetary Reform: March 27 2017

Nationalize The Federal Reserve, End Fractional Reserve Banking, Spend Money Into The Economy Debt Free and Without Taking It From Someone Else Via Taxes.
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What Ancient Text Tells Us About Modern Monetary Madness - with Anarchy Girl Lauren Kathleen Young[

What Ancient Text Tells Us About Modern Monetary Madness - with Anarchy Girl Lauren Kathleen Young[HD]. Wellcome to channel Thanks For Watching...!
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Brad Voracek from The Minskys joins Real Progressives tonight to talk about how MMT works

Brad Voracek from The Minskys joins Real Progressives tonight to talk about how MMT works within policy and how it benefits the 99% You can find Brad'
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A Monetary View of Rome's Fall

Harrison Schultz's lecture on Chapter 3 of Stephen Zarlenga's Lost Science of Money from the New School for Social Research
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Modern Monetary Theory 101 with Ellis Winningham and host Steven Grumbine

Modern Monetary Theory 101 with Ellis Winningham and host Steven Grumbine. Ellis's previous discussion on sectoral balances https://youtu.be/tPupNqVNdS0 Th
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A Monetary View of Rome's Fall

Harrison Schultz's lecture on Chapter 3 of Stephen Zarlenga's Lost Science of Money from the New School for Social Research
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President of Richmond Fed Leaks Insider Information and Goes Free

President of Richmond Fed Leaks Insider Information and Goes Free | The Money Chronicle | Scoop.it
NEP's Bill Black appears on The Real News Network discussing the investigation into leaking of inside information and how it shows how banks and the Federal Reserve are riddled with conflicts of interest. You can view here with transcript.
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Professor William Mitchell - The Failure of Economics

This video captures the audio of a presentation by Professor William Mitchell at Maastricht University as part of the Third Annual Joan Muysken Lectur
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Bombing – Where's The Money Coming From?

Behind the Dollars Excerpt from/ “Where’s the Money Coming From?” by Stuart Chase, 1943, p. 1-
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Modern Monetary Theory and Big Red Numbers

Modern Monetary Theory and Big Red Numbers | The Money Chronicle | Scoop.it
This week I had an awakening. I recently read an incredible piece, 7 Deadly Innocent Frauds of Monetary Policy , (free pdf) and whil
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The currency issuer can always pay

Dr Stephanie Kelton discusses issue of the affordability of state expenditure. Sovereign currency issuer is never fiscally constrained. It is only eve
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Why the Elite are Living In an Economic Fantasy (with Stephanie Kelton)

Why the Elite are Living In an Economic Fantasy (with Stephanie Kelton) | The Money Chronicle | Scoop.it
Professor Stephanie Kelton explained the origins of the Bretton Woods system, why US policy makers still make policy as if we were in a gold standard world, why we will not become like Greece, what really creates hyper inflation, why the US can easily reach full employment without inflation, the problem is demand, why the inflation of the 70s was not driven by government seeking full employment, why the "solutions" to the fiscal cliff will produce a fiscal crisis, what is the best policy to follow now and how the economic debate is changing.

This clip from the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM (via: trendolizer.com)
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Do you know where money comes from?

We went to ask young people a few questions about money. Our broken money money system hits young people the hardest. High house prices, pushed up by ban
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Income Inequality & the Causes of Poverty | Positive Money

Income Inequality & the Causes of Poverty | Positive Money | The Money Chronicle | Scoop.it
Tweet 1. The system distributes money from the bottom 90% to the top 10% Because 97% of the money in the UK is created by banks, someone must pay interest on nearly every pound in the UK. The bottom 90% … Continue reading →
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Steven Hail joins Real Progressives to discuss re framing the concept of Modern Monetary

Steven Hail joins Real Progressives to discuss re-framing the concept of Modern Monetary Theory The 12 Steps of MMT
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Review of “The Production of Money: How to Break the Power of Bankers”

Review of “The Production of Money: How to Break the Power of Bankers” | The Money Chronicle | Scoop.it
Tweet Summary Ann Pettifor’s new book, The Production of Money is an excellent contribution to the growing body of thought exposing mainstream, neoclassical economics’ poor understanding of money, banking, and finance, and how its thinking has led to a financial … Continue reading →
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Does the U.S. Treasury really destroy your tax dollars?

Does the U.S. Treasury really destroy your tax dollars? | The Money Chronicle | Scoop.it
Twitter: @rodgermitchell; Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell .................................................................................................................................................................................................. It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.. ...................................................................................................................................................................................................... One thing that confuses those who are not familiar with Monetary Sovereignty, is the idea that federal tax dollars, rather than being used to fund…
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Government Is Money Monopolist, Therefore It Sets The Price

Warren Mosler, on with Steve Grumbine of Real Progressives, discussing the source of the price level, which is made very explicit in Modern Monetary Theor
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The only two elements in economics you need understand

The only two elements in economics you need understand | The Money Chronicle | Scoop.it
Having total control over the dollar U.S. government can pay any invoice denominated in dollars, and unlike state and local governments, the U.S. government neither needs nor uses taxes to fund its spending. Even if all federal taxes were $0, the U.S. government could continue spending, forever.

The federal government never can run short of dollars.
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Stephanie Kelton on why the US doesn't borrow to spend

Stephanie Kelton on why the US doesn't borrow to spend | The Money Chronicle | Scoop.it
Excerpt from Stephanie Kelton "Can Taxes and Bonds Finance Government Spending?" (1998) (h/t y in the comments) Federal Reserves note
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Economics Professor Stephanie Kelton: Rate Hike Is Preemptive

Watch more of the best in tech and startup news: http://vid.io/xcjS Professor Stephanie Kelton, an American economist and professor at the University o
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