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The Chicago Plan vs. Positive Money's proposals

The Chicago Plan vs. Positive Money's proposals | The Money Chronicle | Scoop.it
This article was originally published on the Clint Ballinger’s website on 25th December 2012 as a reaction to the previous post on Post Keynesianism, MMT, & 100% Reserves Project, Post No. 2. It gives an answer to the question: Does full reserv...
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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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Principles of Political Economy. Session 4 of 10: The law of rent explained - YouTube

In this session professor Curtis explains the law of the rent in details, addressing issues such as What is the origin of land titles? What is the justificat...
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Principles of Political Economy. Session 2 of 10: The causes of and the law of interest - YouTube

During this session, we define the concept of Interest in relation to Capital. We also discuss the causes of interest and the laws that apply to it from a Ge...
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Iceland’s initiative could spark worldwide monetary reform!

Iceland’s initiative could spark worldwide monetary reform! | The Money Chronicle | Scoop.it
The Icelandic government is to consider setting up a sovereign money system. What is it and what are its implications for Iceland and for others who follow suit?
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Talk Radio Live at 11 Becuz... MMT Talk!

Talk Radio Live at 11 Becuz... MMT Talk! | The Money Chronicle | Scoop.it
Grab your notebook! Class is in session. bunnygirl60 aka Arliss Bunny joins us at 11:30 ET talking about her take on economics and modern monetary theory that we call Bunnynomics .
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Hon. Paul Hellyer On The Single Biggest Issue Facing The World Today

"Monetary Reform Is the single biggest issue that Canada (and the world) faces today. We must make immediate changes now, or suffer the consequences in ...
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Steven Hail's presentation on modern money and the "budget emergency". - YouTube

Steven Hail describes why the budget emergency is untrue, and provides insights into modern monetary theory and the possibility of a "job guarantee."
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Institutional Discontent

Institutional Discontent | The Money Chronicle | Scoop.it
Europe Tilts East Towards China (1/2) Michael Hudson Report: Britain, German, France and Italy are among those who joined Asian Infrastructure Investment Bank in an expression of their discontent over World Bank polices that force developing...
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Positive Money Saturday Market Stall - Cambridge - Positive Money

Positive Money Saturday Market Stall - Cambridge - Positive Money | The Money Chronicle | Scoop.it
Tweet We will be running a market stall to publicise Positive Money and its objectives.  Hopefully members will volunteer to help run the stall for parts of the day.
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Former Deputy Secretary of the U.S. Treasury Department Endorses Modern Monetary Theory (MMT)

Former Deputy Secretary of the U.S. Treasury Department Endorses Modern Monetary Theory (MMT) | The Money Chronicle | Scoop.it
Three months ago, Frank Newman sent me a book entitled Freedom From National Debt. I finally got around to reading it — all 89 pages. It’s a little book, packed with evidence that America is being ...
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Power Follows Property

Power Follows Property | The Money Chronicle | Scoop.it
In The American Republic (1866), Orestes Augustus Brownson (1803-1876) framed the Civil War as a struggle between the agrarian capitalism of the South, and the industrial and commercial capitalism of the North, which he characterized as “two...
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Keep It Simple And Complex, Stupid

My last post supporting the use of nonlinear models (“You Do Need A Weatherman”) generated some thoughtful responses, mainly along the lines of this post by Ari Andricopoulos entitled “A View on the Economic Model Debate from a Non-economist (but...
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Frosti Sigurjonsson’s Sovereign Money proposal: Iceland’s central bank would become the only creator of money

Frosti Sigurjonsson’s Sovereign Money proposal: Iceland’s central bank would become the only creator of money | The Money Chronicle | Scoop.it
The writer thanks Paul Gosling who tweeted the link to a Telegraph article which reports that Iceland's government is considering a proposal to remove the power of commercial banks to create money ...
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Principles of Political Economy. Session 3 of 10: The effects of material progress - YouTube

This session covered the effects of material progress - population, technology, and the infrastructure, - upon the production and distribution of wealth. The...
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▶ Principles of Political Economy. Session 1 of 10: The Production and Distribution of Wealth - YouTube

During this session, we define the concept of Interest in relation to Capital. We also discuss the causes of interest and the laws that apply to it from a Ge...
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Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse | CollapseNet

Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse | CollapseNet | The Money Chronicle | Scoop.it
  Off the World News Desk: Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse You’re likely thinking that a disc...
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Bank Robbery: Banks and the Money Supply - Positive Money

Bank Robbery: Banks and the Money Supply - Positive Money | The Money Chronicle | Scoop.it
Tweet Chapter 1 ‘If it ain’t broke, don’t fix it.’ Sensible advice, especially when it comes to tinkering with the money supply: with laws about how money is made, how we get it, how we spend it.
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Webster! Full Episode September 28, 1979

Copyright: BC Archives, Credit: Jack Webster and BCTV Webster interviews Premier Bill Bennett. Reviewing governance by the Social Credit Party during its first ...
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#023 Stephanie Kelton - Fiscal Cliffs and Inflation Shocks

To Donate Click Here: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CM23PFP9E5YYA Interview Date: 12th January 2013 You can ...
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Odious Debts

Odious Debts | The Money Chronicle | Scoop.it
Europe Tilts East Towards China (2/2), TRNN, March 22, 2015.
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome back to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore.
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The Money Fix - A Documentary For Monetary Reform + CC/Subtitles

I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
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MPs demand police inquiry as lender fined £21m for duping regulator

MPs demand police inquiry as lender fined £21m for duping regulator | The Money Chronicle | Scoop.it
Rogue staff at Clydesdale and Yorkshire Banks misled the Financial Ombudsman - deliberately obstructing its investigation into payment protection insurance complaints.
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Iceland’s initiative could spark worldwide monetary reform!

Iceland’s initiative could spark worldwide monetary reform! | The Money Chronicle | Scoop.it
Basically the Government would create the country’s money supply, interest and debt free, and spend it into the economy.
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