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External economy considerations – Part 3

External economy considerations – Part 3 | The Money Chronicle | Scoop.it
I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year.
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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...
Dai's insight:

“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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Social Credit Series October 2014 - Social Credit Economics - M. Oliver Heydorn Ph.D

Social Credit Economics - M. Oliver Heydorn Ph.D.
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keiser-report-Dr. Michael Hudson about Modern Monetary Theory.flv

keiser-report-Dr. Michael Hudson about Modern Monetary Theory.flv | The Money Chronicle | Scoop.it
RT @MacfarlaneRobin: keiser-report-Dr. Michael Hudson about Modern Monetary Theory.flv http://t.co/sudBz97gYN via @YouTube
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How to waste £375 billion? - The Failure of Quantitative Easing (VIDEO) - Positive Money (BSD)

How to waste £375 billion? - The Failure of Quantitative Easing (VIDEO) - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet In 2010 the government cancelled a program to rebuild 715 schools, because they’d run out of money. But at the same time the Bank of England had created £375 billion of new money through a program called Quantitative Easing.
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The Greek Vote

There is an adage in politics that you should never put anything to the vote unless you are sure of the outcome beforehand. On that front, the referendum Greeks will vote in this Sunday is a mistake, because the vote could go either way.
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Positive Money - Sovereign Money Creation - Paving the way for a sustainable recovery

Positive Money - Sovereign Money Creation - Paving the way for a sustainable recovery

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News from the Network, Vol. 8, No. 31

News from the Network, Vol. 8, No. 31 | The Money Chronicle | Scoop.it
This past week the stock market has soared like an eagle and dived like a turkey.  As a result, even more “experts” are sticking out their necks and predicting a crash in the near future.  What remains puzzling is the fact that so few of the...
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Three UMKC Professors Among The Nine That Predicted Eurozone Crisis - KCUR

Three UMKC Professors Among The Nine That Predicted Eurozone Crisis - KCUR | The Money Chronicle | Scoop.it
In his book, Understanding Modern Money, Randall Wray wrote that the way the eurozone was structured would likely cause a financial crisis. That was in
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Socialism for the rich (Drawbacks of our current money system)

Socialism for the rich (Drawbacks of our current money system) | The Money Chronicle | Scoop.it
  Private money creation: from crisis to crisis There are many reasons to change the current money system. To begin with, the current system works less well than its advocates would have us believe.
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Socialism, American-Style

Socialism, American-Style | The Money Chronicle | Scoop.it
On July 25, 2015, Gar Alperovitz and Thomas M. Hanna write in The New York Times: THE great 20th-century conservative economist Joseph Schumpeter thought the left had overlooked a major selling poi...
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MMT vs. Austrian School Debate

MODERN MONETARY THEORY VS. THE AUSTRIAN SCHOOL: MACROECONOMIC DEBATES AMONG THE HETERODOXY For discussion on this video, see ...
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Coalition for Capital Homesteading

Coalition for Capital Homesteading | The Money Chronicle | Scoop.it
Coalition of organizations and individuals dedicated to empowering every person through equal access to the means to own productive capital.
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Shadow Chancellor should look again at the case for strategic QE

Shadow Chancellor should look again at the case for strategic QE | The Money Chronicle | Scoop.it
The Labour Shadow Chancellor Chris Leslie has been making waves this morning with his criticism of leadership contender Jeremy Corbyn’s plan for ‘quantitative easing for the people’.
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Adam Soos (Social Credit) – Long-Term Goals

Social Credit Party representative Adam Soos responds to a question from students at Hilltop Junior Senior High School in Whitecourt, Alberta. They ask: "What ...
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Think Left - Modern Monetary Theory Posted on April 1,... | Facebook

Modern Monetary Theory
Posted on April 1, 2015 by Pavlina Tcherneva | Comments Off on Modern Monetary Theory

Pavlina R. Tcherneva

Pondering here from...
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Greece: On Behalf of Europe …

Greece: On Behalf of Europe … | The Money Chronicle | Scoop.it
Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of The Bubble and Beyond and Finance Capitalism and its Discontents.
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Positive Money - Positive Monetary Reforms in Plain English

Positive Money - Positive Monetary Reforms in Plain English

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Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems,

Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, | The Money Chronicle | Scoop.it
Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, in Books, Comics & Magazines, Non-Fiction, Other Non-Fiction | eBay
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Can A Government Finance Itself Simply By Issuing Money? - Forbes

Can A Government Finance Itself Simply By Issuing Money? - Forbes | The Money Chronicle | Scoop.it
A popular notion these days, particularly among the “Modern Monetary Theory” types, is that a government can finance itself simply by printing money, thus relieving itself of any need to raise taxes.
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Trickle-Down Economics Must Die, Long Live Grow-Up Economics

Trickle-Down Economics Must Die, Long Live Grow-Up Economics | The Money Chronicle | Scoop.it
The myth of inequality-driven economic growth and how to achieve real prosperity for all  This article was published on August 1, 2015 by Basic Income: “Economics, as it has been practiced in the last three decades, has been positively harmful for...
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Lord Keynes— Paul Mason on “Is Capitalism Dead?”

Lord Keynes— Paul Mason on “Is Capitalism Dead?” | The Money Chronicle | Scoop.it
In my opinion, the whole debate cannot proceed until one has defined “capitalism” carefully. What is the essence of capitalism?
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Stephanie Kelton comes to Washington after ruffling feathers in adviser community - InvestmentNews

InvestmentNews Stephanie Kelton comes to Washington after ruffling feathers in adviser community InvestmentNews Stephanie Kelton, an economist whose controversial views on government spending has made her a hot-ticket item on the adviser conference...
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Bureaucrazies Versus Democracy

The most recent of the almost daily “Greek Crises” has made one thing clear: the Troika of the IMF, the EU and the ECB is out to break the government of Greece.
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Debt-Based Money vs. Sovereign Money (Infographic) - Positive Money (BSD)

Debt-Based Money vs. Sovereign Money (Infographic) - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet Download a print-at-home version   Join the Campaign Please enter your name. Please check your email is valid. not in the UK?
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