The Money Chronicle
Follow
Find
19.1K views | +16 today
 
Scooped by Dai
onto The Money Chronicle
Scoop.it!

Fibs And Waves: Modern Money Theory - A Blankfiendish ...

Fibs And Waves: Modern Money Theory - A Blankfiendish ... | The Money Chronicle | Scoop.it
Modern Money Theory - A Blankfiendish Perspective - Take 2. This is really a slightly modified repost of something I had up briefly last week. From my original post, one could have gotten the impression that Cullen Roche was ...
more...
No comment yet.
The Money Chronicle
Issues dealing with money reform and changes to our monetary system
Curated by Dai
Your new post is loading...
Your new post is loading...
Scooped by Dai
Scoop.it!

▶ 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

more...
No comment yet.
Scooped by Dai
Scoop.it!

As Stephanie Kelton says, telling the... - Green Modern Monetary Theory and Practice | Facebook

As Stephanie Kelton says, telling the truth is a radical idea. It might actually work. When the media obfuscates, confuses, distorts, misrepresents and...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Social Credit with Demurrage

Social Credit with Demurrage | The Money Chronicle | Scoop.it
(Left: Sylvio Gesell, the man who devised demurrage and popularized Georgist thinking in Europe) The easiest and most transparent way of migrating to a usury-free economy is by simply replacing the...
more...
No comment yet.
Scooped by Dai
Scoop.it!

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

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

more...
No comment yet.
Scooped by Dai
Scoop.it!

How Money Works

How Money Works | The Money Chronicle | Scoop.it
Tweet Join the Campaign Please enter your name. Please check your email is valid. not in the UK?
more...
No comment yet.
Scooped by Dai
Scoop.it!

Steve Keen; Redesigning Economics - A Living Wage and Free Money (Video) - YouTube

Can Governments Really Inject Money into our Bank Accounts to Save the Economy? Follow me on Facebook at https://www.facebook.com/PhillipJamesWatt, join the ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

When Entire Economies are Held Hostage - Positive Money (BSD)

When Entire Economies are Held Hostage - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet The recent dramatic events surrounding the Greek debt crisis had many of us on the edge of our seats as we witnessed history unfolding before our eyes. From the calling of the referendum, to the landslide No vote, to … Continue reading →
more...
No comment yet.
Scooped by Dai
Scoop.it!

Why we need monetary reform in Australia

This video outlines why Australia and in fact the world is heading for yet another financial meltdown and why Australia needs to take this opportunity to finally put ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

The Evidence Keeps Pouring In: Capitalism Just Isn’t Working

The Evidence Keeps Pouring In: Capitalism Just Isn’t Working | The Money Chronicle | Scoop.it
Everything is a potential market to the capitalist, but it’s time to end the suffering of ordinary Americans, which is very good for the profit margins, and make human life a top concern.
more...
No comment yet.
Scooped by Dai
Scoop.it!

"Casino Capitalism": Economist Michael Hudson on What’s Behind the Stock Market’s Rollercoaster Ride

"Casino Capitalism": Economist Michael Hudson on What’s Behind the Stock Market’s Rollercoaster Ride | The Money Chronicle | Scoop.it
Black Monday is how economists are describing Monday’s market turmoil, which saw stock prices tumble across the globe, from China to Europe to the United States. China’s stock indices fell over 8 percent on Monday and another 7 percent today. On Wall Street, the Dow Jones Industrial Average initially fell a record 1,100 points before closing down nearly 600 points. The decline also caused oil prices to plunge to their lowest levels in almost six years. To make sense of what’s really behind the
more...
No comment yet.
Scooped by Dai
Scoop.it!

Professor Bill Mitchell - Reframing the Progressive Agenda, London - YouTube

This presentation - Reframing the Debate: Economics for a Progressive Politics - was presented in London on August 27, 2015 at an event hosted by the NHA Par...
more...
No comment yet.
Scooped by Dai
Scoop.it!

“It's Exactly The Opposite!”: MMT versus “Reality”

“It's Exactly The Opposite!”: MMT versus “Reality” | The Money Chronicle | Scoop.it
  By J.A. Myerson “These guys are in the dark. Owls can see in the dark.” – Stephanie Kelton, September 25, 2012 1.   Stop Worrying And Love Fiat Money “Oh man, you have to look them up online...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Banks and the Stock Market, I: The Stock Market

Banks and the Stock Market, I: The Stock Market | The Money Chronicle | Scoop.it
If you’ve been reading this blog over the past couple of weeks, you might start wondering if the financial system has any relevance to the real world at all — and we couldn’t blame you.  After all, as Adam Smith pointed out in The Wealth of Nations...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Positive Money - Positive Monetary Reforms in Plain English

Positive Money - Positive Monetary Reforms in Plain English

more...
No comment yet.
Scooped by Dai
Scoop.it!

How to Cause (and Cure) a Great Depression

How to Cause (and Cure) a Great Depression | The Money Chronicle | Scoop.it
The recent frenzy in the world’s stock markets had a number of people panicking about the possibility of (yet) another crash of the magnitude of October 1929, and the possibility of another Great Depression on the heels of the Great Depressions of...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Smart Talk with Steven Keen discuss Neoclassical Economics - YouTube

Can Governments Really Inject Money into our Bank Accounts to Save the Economy? Follow me on Facebook at https://www.facebook.com/PhillipJamesWatt, join the ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

How to bypass the financial markets and ensure money is spent on building homes, roads and energy infrastructure (nef)

How to bypass the financial markets and ensure money is spent on building homes, roads and energy infrastructure (nef) | The Money Chronicle | Scoop.it
Tweet It is clear that the current approach to monetary policy – which essentially hasn’t changed for three years – is failing to achieve the economic pick-up that the government and policy makers assumed it would have by now. So … Continue reading →
more...
No comment yet.
Scooped by Dai
Scoop.it!

People’s QE goes mainstream - Positive Money (BSD)

People’s QE goes mainstream - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet Labour leadership candidate Jeremy Corbyn has sparked a major debate about monetary and economic policy by calling for what he calls a ‘People’s QE’. He argues that ‘The Bank of England must be given a new mandate to upgrade … Continue reading →
more...
No comment yet.
Scooped by Dai
Scoop.it!

The Public Interest & its Planned Obsolescence

The Public Interest & its Planned Obsolescence | The Money Chronicle | Scoop.it
Another in the series of interviews on the Renegade Economists radio show, with Tune Nielsen (Positive Money Denmark, Gode Penge ) and host Karl Fitzgerald.
more...
No comment yet.
Scooped by Dai
Scoop.it!

The roots of MMT do not lie in Keynes

The roots of MMT do not lie in Keynes | The Money Chronicle | Scoop.it
I am currently working on an introductory chapter to a collection I have prepared for my publisher (Edward Elgar) which describes the evolution of Modern Monetary Theory (MMT). The task might appea...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Robert Reich: In The New Economy, Workers Take On All The Risk

Robert Reich: In The New Economy, Workers Take On All The Risk | The Money Chronicle | Scoop.it
On August 24, 2015, Robert Reich writes on AlterNet:
As Labor Day looms, more Americans than ever don’t know how much they’ll be earning next week or even tomorrow.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Flexible Standards, VIII: An Elastic, Asset-Backed Currency

Flexible Standards, VIII: An Elastic, Asset-Backed Currency | The Money Chronicle | Scoop.it
Here’s the secret to keeping calm amidst all the panic on Wall Street yesterday.  All you have to do is keep on thing in mind: like the preacher’s watch on the pulpit during the sermon, “It don’t mean a damn’ thing.”
Nothing new under the sun ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Past and Future Savings, I: Outside the Parameters of the Question

Past and Future Savings, I: Outside the Parameters of the Question | The Money Chronicle | Scoop.it
We got into a discussion last week with someone who insisted that the whole concept of future savings and thus of Capital Homesteading is a scam: you can’t promise to deliver what doesn’t exist.  To that, of course, we answer, “Why not?
more...
No comment yet.