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Stephen Zarlenga’s speech at the U.S. Treasury (Dec. 4, 2003) | AMI (American Monetary Institute)

Stephen Zarlenga’s speech at the U.S. Treasury (Dec. 4, 2003) | AMI (American Monetary Institute) | The Money Chronicle | Scoop.it
THE LOST SCIENCE OF MONEY - A SOLUTION TO THE STATES’ FISCAL CRISES I thank the US Treasury for inviting me.
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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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What do Conservative MP’s know about money?

What do Conservative MP’s know about money? | The Money Chronicle | Scoop.it
On August the 19th we started an email campaign to highlight the startling results of the poll that showed that only 1 in 10 MPs understand that 97% of money is created by banks, we have encouraged all Positive Money … Continue reading → The post...
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Michael Hudson: Capital Allocation, Debt, and Stock Market Volatility

Michael Hudson: Capital Allocation, Debt, and Stock Market Volatility | The Money Chronicle | Scoop.it
There's no capital investment in America or Europe. We're living on the corpse of the economy that was left in 2008.
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▶ How to Fuel the Economy Without Increasing Debt, through Sovereign Money - YouTube

▶ How to Fuel the Economy Without Increasing Debt, through Sovereign Money - YouTube | The Money Chronicle | Scoop.it
http://www.positivemoney.org/ Ben Dyson, Founder of Positive Money, speaking at the Positive Money 2014 conference. He recapped how the nature of money has c...
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How to Fuel the Economy Without Increasing Debt, through Sovereign Money

How to Fuel the Economy Without Increasing Debt, through Sovereign Money | The Money Chronicle | Scoop.it
Tweet Ben Dyson, Founder of Positive Money, presented at the Positive Money 2014 conference the Sovereign Money Creation proposal. This proposal offers a way to make the recovery sustainable.
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Debt, Deficits, and Modern Monetary Theory | Th...

Debt, Deficits, and Modern Monetary Theory | Th... | The Money Chronicle | Scoop.it
Bill Mitchell is the Research Professor in Economics and the Director of the Centre of Full Employment and Equity at the University of Newcastle, Australia. The following is an edited transcript of...
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News from the Network, Vol. 7, No. 41

News from the Network, Vol. 7, No. 41 | The Money Chronicle | Scoop.it
Is the stock market still plunging?  Or is it rising?  Is this the beginning of the end?  Or is it the end of the beginning?  Are you pro or antihistamine?  Is it colder in New York than it is in the summer?
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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 pound in the UK.
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Debt, Deficits, and Modern Monetary Theory

Debt, Deficits, and Modern Monetary Theory | The Money Chronicle | Scoop.it
Bill Mitchell is the Research Professor in Economics and the Director of the Centre of Full Employment and Equity at the University of Newcastle, Australia. The following is an edited transcript of...
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Second-Hand Objectivism

Second-Hand Objectivism | The Money Chronicle | Scoop.it
A short time ago we got a question about Ayn Rand’s “objectivism.”  Cutting out all the adjectives that made it rather clear that the questioner didn’t care for Rand’s philosophy, we had to ask, what, specifically, did the questioner object to?
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Modern Monetary Theory - Wikipedia, the free encyclopedia

Modern Monetary Theory

Modern monetary theory ( MMT or modern money theory), also known as neochartalism, is an economic theory that details the procedures and consequences of using government-issued tokens as the unit of money, i.e., fiat money.

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Bill Black: DOJ Says it Cannot Prosecute “Rocket Science” Frauds

Bill Black: DOJ Says it Cannot Prosecute “Rocket Science” Frauds | The Money Chronicle | Scoop.it
ves here. The excuse that Deputy Attorney General Juan Cole offered for DoJ's failure to prosecute financial fraud, that they were overmatched by "rocket science" isn't just pathetic, it's a flat out lie.
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Yellen’s Clueless Comments On Inequality—-Let Them Eat 401Ks

Yellen’s Clueless Comments On Inequality—-Let Them Eat 401Ks | The Money Chronicle | Scoop.it
On October 20, 2014, ECRI post on David Stockman’s Contra Corner:
According to the Fed’s triennial Survey of Consumer Finances, the top 10% of U.S.
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Stephanie Kelton - New Economic PerspectivesNew...

Stephanie Kelton - New Economic PerspectivesNew... | The Money Chronicle | Scoop.it
@wolfie_smythe Government is the sole issuer of the currency. Government is the market. Study MMT Stephanie Kelton. http://t.co/dHrpEiceBG | The Money Chronicle
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Sovereign Money

Paving the Way for a Sustainable Recovery The UK’s economic recovery relies on ever-rising levels of household debt, meaning that it is ultimately unsustainable. However, the process of Sovereign Money Creation can make the recovery sustainable by providing another source of spending and income in the economy.
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Sovereign Money Creation: Paving the Way for a Sustainable Recovery

Sovereign Money Creation: Paving the Way for a Sustainable Recovery | The Money Chronicle | Scoop.it
Tweet Ever since that crisis, the Government and Bank of England have tried to encourage further consumer borrowing via further lending by banks. As former FSA chairman Lord Turner put it, this was a “hair of the dog” strategy for economic recovery, treating the cause … Continue reading →
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IMF Meeting Review – Austerity to Cost

IMF Meeting Review – Austerity to Cost | The Money Chronicle | Scoop.it
A serious depression is pending as a result of austerity, says Professor Michael Hudson, October 17, 2014
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore.
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Bill Black: Krugman Bashes Progressives for Criticizing Obama on Grounds that He Criticizes Obama

Bill Black: Krugman Bashes Progressives for Criticizing Obama on Grounds that He Criticizes Obama | The Money Chronicle | Scoop.it
Bill Black takes a blowtorch to Paul Krugman's straw men.
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Stephanie Kelton - New Economic PerspectivesNew Economic Perspectives

Stephanie Kelton - New Economic PerspectivesNew Economic Perspectives | The Money Chronicle | Scoop.it
@wolfie_smythe Government is the sole issuer of the currency. Government is the market. Study MMT Stephanie Kelton. http://t.co/dHrpEiceBG
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Yellen Says She’s ‘Greatly’ Concerned By Rising Inequality

Yellen Says She’s ‘Greatly’ Concerned By Rising Inequality | The Money Chronicle | Scoop.it
On October 17, 2014, Greg Robb writes on Market Watch:
Federal Reserve Chairwoman Janet Yellen said Friday that she was “greatly” concerned by the extent and continuing increase in inequality in the United States.
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Can We Stop Another Global Economic Crash?

Can We Stop Another Global Economic Crash? | The Money Chronicle | Scoop.it
Dr. Stephanie Kelton, University of Missouri - Kansas City / The Levy Economics Institute joins Thom Hartmann. A volatile couple of days on Wall Street is giving economists the jitters.
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▶ Why are Stock Markets so Volatile? - YouTube

Real serious depression pending as a result of austerity says Professor Michael Hudson, author of The Bubble and Beyond and Finance Capitalism and its Discon...
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A Platform For Monetary Reform

Support the Brother Nathanael Foundation!-------------- Donate Here @ https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=Q5ZHDE2BRW5AG http://www.realjewnews.com/...
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Dr Joseph Huber on Modern Monetary Theory and Reform - YouTube

Dr. Huber explains why the so-called modern 'monetary' theories are not money-theories, but bankers-theories about the money system.
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