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The Rich Have Plenty to Give, but Forget Deficits - Room for Debate

The Rich Have Plenty to Give,  but Forget Deficits - Room for Debate | The Money Chronicle | Scoop.it
Taxing the wealthy would put idle balances to use. But deficits are not a concern as long as unemployment is high. By James K. Galbraith. (“@deficitowl: Jamie Galbraith: In Reducing Deficit, Can the Middle Class Be Spared?
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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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The National Debit: Second Edition: How The Post-Gold-Standard, Modern Monetary System Really Works by Edward J. Delzio | Just another WordPress site

The National Debit: Second Edition: How The Post-Gold-Standard, Modern Monetary System Really Works by Edward J. Delzio | Just another WordPress site | The Money Chronicle | Scoop.it
'Modern Monetary Theory ( #MMT ) will be on the right side of history
https://t.co/ZYaW41XTcg
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Green Modern Monetary Theory and Practice

The depth of emotional intensity that some people attain when they incoherently reject modern monetary theory, for some reason they can't articulate
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Publications

Publications | The Money Chronicle | Scoop.it
Policies for the Current Economic Crisis, Digital Cash & Payments, A Sovereign Money System The Current Monetary System & Its Consequences
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Investing MMT - Live Trading 123 FED Day and Printing MONEY! Having Fun With Real Mental Game!

Learn how to invest with real Macro Economic Understanding for FREE! With complete transparency! https://www.facebook.com/InvestingMMT
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MMT _ Economics for Peter Schiff Bots Dummiez

This video was made by Haiku Charlatan MMT (Modern Monetary Theory) Basic Intro: . A Big Thank You To donkiddick08! Here is the link to educate yourself
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Junk Economics at the Democracy Collaborative | Michael Hudson

Junk Economics at the Democracy Collaborative | Michael Hudson | The Money Chronicle | Scoop.it
Prof Michael Hudson on tour discussing his new book J is for Junk Economics. As usual a lightening rod strikes through American economic history. Compelling
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Steve Keen: Avoid the next financial crisis with People’s QE and a debt jubilee

Merryn Somerset Webb talks to economist and author Professor Steve Keen about Brexit, GDP and People’s QE, and how cancelling people’s debt could avert th
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Stephanie Kelton History of Modern Monetary Theory (MMT)

If you don't understand the intricacies of Modern Money, You won't understand Macro Economics, Finance, Investing or Social Stability. Join me on facebook
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Bill Still: The Secret of OZ / Solutions For a Broken Economy Alex Jones Tv 2/4

Alex talks with Bill Still, the man behind the monetary reform documentary The Secret of Oz(available at the Infowars Store). Still's previous s include th
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Modern Monetary Theory (MMT) Will Be On The Right Side of History | The Money Chronicle

Modern Monetary Theory (MMT) Will Be On The Right Side of History | The Money Chronicle | The Money Chronicle | Scoop.it
Perhaps a bit of the 2016 election was some of the 1896 election history repeating itself: In The Wonderful Wizard of Oz, (the American children’s novel, not the movie)
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Steve Keen "Banks Create Debt By Loaning Money They Don't Have In Order To Take Our Real Assets."

Please Support The Show – http://paypal.me/richieallen https://www.facebook.com/therichieallenshow http://www.youtube.com/RichieAllenShowMedia Tune in a
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Book Review: Modern Monetary Theory And European Macroeconomics

Book Review: Modern Monetary Theory And European Macroeconomics | The Money Chronicle | Scoop.it
Dirk H. Ehnts, a lecturer in economics at Bard College, Berlin, has written Modern Monetary Theory and European Macroeconomics. The book acts an introduction to Modern Monetary Theory (MMT), aimed specifically at the situation in the euro area. This is distinctive, as a great deal of the MMT literature discusses the situation of floating currency sovereigns (which is the preferred position in MMT, as distinct from the rest of the post-Keynesian literature, where some economists are in favour of currency pegs). The later chapters of the book give a historical explanation of the euro crisis, and offers an outline of how the euro area can be reformed. The book is aimed at non-specialist readers.
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Our names in the paper

Our names in the paper | The Money Chronicle | Scoop.it
Tweet What an exciting few weeks for the Positive Money campaign! Rounding off this morning with this full-page splash in the local newspaper of the Chair of the influential Treasury Select Committee of MPs. Here’s our crowd-funded advert in the … Continue reading →
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Warren Mosler Explains MMT Framework On Prime Interest. *MUST SEE*!

Video must be repeated sand shared and thumped up. We've had enough of these doom gloom overnight Phd economist from YouTube University predicting all .
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Now Age Conversations: “Intro to Modern Monetary Theory” with Steven Grumbine of Real Progressives

For this edition of Now Age Conversations I speak with Steven Grumbine, founder of Real Progressives. As a self-described evangelist for Modern Monetar
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Vid 1 - Intro to US Currency System & MMT with Rob

Great Links for Introduction to Modern Monetary Theory (MMT) Rob has provided us: http://bilbo.economicoutlook.net/blog/?p=928
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Good as Gold, V: Debt Money Replaces Asset Money

Good as Gold, V: Debt Money Replaces Asset Money | The Money Chronicle | Scoop.it
Last Thursday we closed the previous posting in this series by noting how Henry VIII Tudor’s debasement of the English and Iris
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Jak naprawić bankowość?

Film z Konferencji Angielskich przyjaciół z Positive Money z roku 2013 wciąż pozostaje aktualny. How to Fix Banking Ben Dyson at Positive Money Conferenc
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RP LIVE with Rohan Grey of Modern Money Network. Take the message to the people!

Rohan Grey of the Modern Money Network joins Real Progressives LIVE to discuss taking the message to the people! Jill Stein's Student Loan forgiveness pla
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Greek Monetary Systems

Segment from a lecture by Harrison Schultz at the New School for Social Research on the introduction and first chapter of the Lost Science of Money b
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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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