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Positive Money » 'Serving Human Needs – What is an Economy for ...

Positive Money » 'Serving Human Needs – What is an Economy for ... | The Money Chronicle | Scoop.it
You're invited to an event titled 'Serving Human Needs or Creating Money – What is an Economy for?'. As our Government and many individuals struggle to overcome the problems of massive debt, austerity, and the ...
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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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Digital Cash: Why Central Banks Should Start Issuing Electronic Money (NEW Report)

Digital Cash: Why Central Banks Should Start Issuing Electronic Money (NEW Report) | The Money Chronicle | Scoop.it
Tweet With the impending ‘death of cash’ and the rise of digital currencies (such as Bitcoin), there are strong arguments for central banks to start issuing “digital cash” – an electronic version of notes and coins.
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Kelton Dismantles Schiff's Economic Myths On Sam Seder Show

Published on May 28, 2014 Prof. Stephanie Kelton points out the misinformation media spreads about the monetary system. The problem with the truth is, fact
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Brexit Fallout: Austerity's Toll on the U.K.

Brexit Fallout: Austerity's Toll on the U.K. | The Money Chronicle | Scoop.it
Stephanie Kelton, University of Missouri-Kansas City economics professor, discusses fiscal austerity after Brexit with Bloomberg's Joe Weisenthal on "What'd You Miss?" (Source: Bloomberg)
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Will the new PM make sure monetary policy works for everyone?

Will the new PM make sure monetary policy works for everyone? | The Money Chronicle | Scoop.it
Tweet With Theresa May suddenly catapulted into Number 10, the world of finance is trying to calculate what the new government means for the management of the UK economy.
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Banking 101 (Video Course)

Banking 101 (Video Course) | The Money Chronicle | Scoop.it
Tweet Stay in touch Please enter your name. Please check your email is valid. not in the UK?
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A Run On Banks Has Begun In Italy

A Run On Banks Has Begun In Italy | The Money Chronicle | Scoop.it
Economic expert Martin Armstrong has warned that reports coming out of Italy suggest that ATM machines are being emptied, as a run on banks begins.
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New book "FUTURE MONEY: Breakdown or Breakthrough?"

New book "FUTURE MONEY: Breakdown or Breakthrough?" | The Money Chronicle | Scoop.it
Tweet We are happy to announce that a new book about money  “FUTURE MONEY: Breakdown or Breakthrough?” has been published today by Green Books.
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Stephanie Kelton Destroys Peter Schiff’s Economic Myths On Sam Seder Show – A loan of a million dollars | The Money Chronicle

Stephanie Kelton Destroys Peter Schiff’s Economic Myths On Sam Seder Show – A loan of a million dollars | The Money Chronicle | The Money Chronicle | Scoop.it
Stephanie Kelton Destroys Peter Schiff's Economic Myths On Sam Seder Show

The ...
https://t.co/hs9J4hqxp3 https://t.co/QhSaR0IChX | The Money Chronicle
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The Central Bank of Iceland welcomes the monetary reform resolution

The Central Bank of Iceland welcomes the monetary reform resolution | The Money Chronicle | Scoop.it
Tweet In February we’ve reported here on the great news from Iceland that the Monetary Reform resolution, calling for the establishment of a special commission to “carry out a review of the arrangements of money creation in Iceland and to make … Continue...
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Uncertainty as Brexit still not resolved, options remain (Interview with Fran Boait on RT)

Uncertainty as Brexit still not resolved, options remain (Interview with Fran Boait on RT) | The Money Chronicle | Scoop.it
Tweet The government needs to think about the monetary policy as a potential tool in the toolkit, if, because of the instability, we go into recession, says Fran Boait, director of Positive Money in the RT interview:     Stay … Continue reading →...
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Debt Problems: Why is There So Much Debt? - Positive Money

Debt Problems: Why is There So Much Debt? - Positive Money | The Money Chronicle | Scoop.it
Tweet The Problem 1. Banks create new money when people go into debt When you take out a loan, new money is created. As people borrow more, more new money comes into the economy.
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Keynesian Deficit Doves vs. MMT Deficit Owls | Corrente

Keynesian Deficit Doves vs. MMT Deficit Owls | Corrente | The Money Chronicle | Scoop.it
In a comment on another post of mine, Kelly Canfield, a blogger and commenter at FDL, asked me for the following.
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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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Who is the whole world in debt to Positive Money

A short video from the wonderful people at Positive money that had no soundtrack so i added one. I hope they don't mind.
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The Wilful Ignorance of Political Leaders

The Wilful Ignorance of Political Leaders | The Money Chronicle | Scoop.it
Tweet   Mr Podsnap was well-to-do and stood very high in Mr Podsnap’s opinion. Beginning with a good inheritance, he had married a good inheritance, and had thriven exceedingly in the Marine Insurance way, and was quite satisfied.
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Economic Risks beginning to crystallise: Solution – encourage more private debt!

Economic Risks beginning to crystallise: Solution – encourage more private debt! | The Money Chronicle | Scoop.it
Tweet The Bank of England says evidence is emerging that risks it identified related to Brexit are beginning to crystallise. One of the risks the Bank identified is high levels of household debt.
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Steve Keen on Monetary Reform and Economic Stability

Pete Young of EconomicStability grabbed this interview with Australian Economist Steve Keen, of the blog Debtwatch, in Chicago, October 2, 2010, where Kee
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You understand The Big Lie. You just don’t know it, yet.

You understand The Big Lie. You just don’t know it, yet. | The Money Chronicle | Scoop.it
The Big Lie in economics is: Federal Taxes Fund Federal Spending Unlike state and local governments, whose taxes do fund spending, the federal government is Monetarily Sovereign. It has total sovereignty over the dollar.
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MMT 101 – Modern Monetary Theory on “Fiscal Sustainability” | heteconomist

MMT 101 – Modern Monetary Theory on “Fiscal Sustainability” | heteconomist | The Money Chronicle | Scoop.it
RT @stf18: Good post on MMT and fiscal sustainability by @heteconomist https://t.co/DvBrRQVLEM
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Paula with Evstatheos and Harold on Binary Economics

Paula Gloria initiates Steve (Evstatheos on YouTube) into the joys of internet interaction and in this show goes deeply into Kelso's theories of capita
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Modern Monetary Theory and European Macroeconomics – book and summer school! | The Money Chronicle | The Money Chronicle

Modern Monetary Theory and European Macroeconomics – book and summer school! | The Money Chronicle | The Money Chronicle | The Money Chronicle | Scoop.it
I'm very excited to be working on the index of my book with the above title, which is the last thing I have to prepare before the book goes into production.
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Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program? | www.bullfax.com

Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program? | www.bullfax.com | The Money Chronicle | Scoop.it
Bill Black and Stephanie Kelton: Is it Time for a New Deal Federal Jobs Program? - https://t.co/4Q21UovTD8
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Tweet from @Transcendian

Tweet from @Transcendian | The Money Chronicle | Scoop.it
@rcooley123 MMT or Modern Monetary Theory of Reserve Currency Nation says printed money spent correctly is right. https://t.co/9Ubu8JeWgt
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