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It's Not the Deficit, Stupid!

It's Not the Deficit, Stupid! | The Money Chronicle | Scoop.it
They thought all kinds of bad things about the deficit. And then, after the 2011 debt ceiling debacle and the formal downgrading of the credit rating of the United States, they were all proven utterly wrong.
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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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Deficits do matter, but not how you think, economist says

Deficits do matter, but not how you think, economist says | The Money Chronicle | Scoop.it
Economist and modern monetary theorist Stephanie Kelton says massive government overspending is indeed a crucial issue. The kicker? She's for it.
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Ellen Brown: The EU's Goal Is Debt Slavery

Listen live every Wednesday from 5-7 PM EST US http://www.worldnewsradio.today Follow us on Twitter: https://twitter.com/BlackTowerRadio Like us o
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Modern Monetary Theory (MMT), Deficits,... - Real Progressives | Facebook

Modern Monetary Theory (MMT), Deficits,... - Real Progressives | Facebook | The Money Chronicle | Scoop.it
Modern Monetary Theory (MMT), Deficits, Full Employment & Price Stability:
Modern Monetary Theory (MMT) is both a description of how the moder
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The Cultural Inheritance OR Social Credit - Robert Klinck

The Cultural Inheritance OR Social Credit - Robert Klinck
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What Caused the Financial Crisis & Recession? | Positive Money

What Caused the Financial Crisis & Recession? | Positive Money | The Money Chronicle | Scoop.it
Tweet 1. Banks created too much money… Every time a bank makes a loan, new money is created. In the run up to the financial crisis, banks created huge sums of new money by making loans. In just 7 years, … Continue reading →
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Washington Secretly Behind Cash Ban In India

Washington Secretly Behind Cash Ban In India | The Money Chronicle | Scoop.it
The Obama administration were behind the recent ban on cash in India, which saw millions of citizens take to the streets in protest.
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Michael Hudson: How Private Debt Makes the Rich Richer

Originally Published on channel Klett-Cotta on Oct 17, 2016 How Private Debt Makes the Rich Richer Michael Hudson talks about the causes of inequality i
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Sovereign Money: An Introduction

Sovereign Money: An Introduction | The Money Chronicle | Scoop.it
Tweet It is based on the proposals outlined in Modernising Money (2013) by Andrew Jackson and Ben Dyson, which in turn builds on the work of Irving Fisher in the 1930s, James Robertson and Joseph Huber in Creating New Money … Continue reading →
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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 poun
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How Banks Create Money

How Banks Create Money | The Money Chronicle | Scoop.it
97% of money in the modern economy is created by banks when they make loans. The government only create 3% of money.
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The Best Kept Secrets of The Dollar

Some things only make sense when you connect the dots. Follow us on Facebook: http://facebook.com/StormCloudsGathering Follow us on Twitter
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Campaigns

Campaigns | The Money Chronicle | Scoop.it
RT @PositiveMoneyUK: We're campaigning for a money system that benefits everyone, not just the few. https://t.co/bYZRL5lxhS #sovereignmone…
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There is no reason to surrender the creation of money to private banks (Guardian)

There is no reason to surrender the creation of money to private banks (Guardian) | The Money Chronicle | Scoop.it
Tweet At the moment, give or take a bit of quantitative easing, all money is conjured into existence by private banks, 85% of it as loans on existing residential property. It’s a recipe for unaffordable housing and unmanageable private debt, … Continue reading →
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2017, MMT University

Google The Web: Modern Monetary Theory (MMT) Bill Mitchell, Professor of Economics www.bilbo.economicoutlook.net/blog Twitter: @billy_blog "In Septembe
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MMT: Government Budgets Are NOT Like A... - Real Progressives | Facebook

MMT: Government Budgets Are NOT Like A... - Real Progressives | Facebook | The Money Chronicle | Scoop.it
Professor L. Randall Wray on how Modern Monetary Theory shows that the budget of a government that issues its own floating exchange-rate currenc
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Bill Mitchell: Demystifying Modern... - Real Progressives | Facebook

Bill Mitchell: Demystifying Modern... - Real Progressives | Facebook | The Money Chronicle | Scoop.it
Bill Mitchell: Demystifying Modern Monetary Theory
In a challenge to conventional views on modern monetary and fiscal policy, Professor Bill Mitchel
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Book | A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform

Get your free audiobook: http://eita.space/e/B001D22HAA At the close of the Second World War, when industrialized nations faced serious trade and financia
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Highlights: QE for People Conference at the European Parliament

Highlights: QE for People Conference at the European Parliament | The Money Chronicle | Scoop.it
According to panelists at the conference, QE for People is both possible and necessary in the eurozone.
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The perfect expression of the Big Lie

The perfect expression of the Big Lie | The Money Chronicle | Scoop.it
Twitter: @rodgermitchell; Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell ................................................................................................................................................................. This blog frequently refers to the "Big Lie," the lie that says our Monetarily Sovereign federal government uses taxes to pay its bills. Based on the Big Lie, politicians and others tell you the federal deficit and debt are "unsustainable," "dangerous," and a "ticking time bomb"…
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Modern Monetary Theory and European Macroeconomics — Журналы в PDF

Modern Monetary Theory and European Macroeconomics — Журналы в PDF | The Money Chronicle | Scoop.it
#Modern Monetary Theory and European Macroeconomics - https://t.co/gP80xhk8Cf https://t.co/1wKnii4mh4
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game-social-credit-3.3

How to explain with a game how better is social credit compared to gift, barter and banking systems Speaches, lectures and workshops were or are given b
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IMF Board Response to Lagarde Conviction Reaffirms Institutional Indifference to Corruption

IMF Board Response to Lagarde Conviction Reaffirms Institutional Indifference to Corruption | The Money Chronicle | Scoop.it
NEP's Bill Black appears on The Real News Network. Topic of discussion is how the Legarde case reveals how power and money protect the elite. You can view the video below. If you wish to see a transcript, you can view it here.
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Positive Money campaign in 2016 – What a year!

Positive Money campaign in 2016 – What a year! | The Money Chronicle | Scoop.it
Tweet It’s been a truly fantastic year for Positive Money. More appearances in the media than ever before, high-profile politicians acknowledging the UK’s monetary policy is broken, hundreds of us meeting in our communities to spread the Positive Money message, … Continue reading →
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