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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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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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Bank Robbery: Banks and the Money Supply

Bank Robbery: Banks and the Money Supply | The Money Chronicle | Scoop.it
‘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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#023 Stephanie Kelton - Fiscal Cliffs and Inflation Shocks

Interview Date: 12th January 2013 You can find the podcast website here: http://fromalpha2omega.podomatic.com/ Our guest week this week is Prof. Stephanie Ke...
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Inequality = Privatisation of the Earth

Inequality = Privatisation of the Earth | The Money Chronicle | Scoop.it
Truthdig summarises the interview as:
Oxfam reports that just 80 people possess the same quantity of wealth as 3.5 billion others.
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Fixing Money and Banking with Populist Social Credit Mike Harris Dick Eastman - YouTube

American populist social credit -- the only way to take back national economies for the happiness and long term benefit of all the people.
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Greece: Austerity for the Bankers

Greece: Austerity for the Bankers | The Money Chronicle | Scoop.it
Michael Hudson says Greece’s Finance Minister Varoufakis is proposing austerity on the banking class rather than on the working class to balance the budget.
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network.
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▶ Iceland's Supreme Court Upholds Jail Sentences of Four Banking Executives - YouTube

Former financial regulator Bill Black explains how Iceland took down the banking executives responsible for wrecking Iceland's economy
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ECONOMY America, Land Of Low Pay — The Numbers Will Surprise You

ECONOMY America, Land Of Low Pay — The Numbers Will Surprise You | The Money Chronicle | Scoop.it
On February 15, 2015, David Akadjian of the Daily Koz writes on AlterNet:
In 2013, the gross domestic product of the United States was 16.77 trillion dollars. That’s roughly $140,000 per each employed person in our country.
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Dutch Parliament will debate money creation - Positive Money

Dutch Parliament will debate money creation - Positive Money | The Money Chronicle | Scoop.it
Tweet Successful citizens’ initiative in the Netherlands Last Tuesday Positive Money’s Dutch sister organization Ons Geld launched in cooperation with the theater group De Verleiders a Citizens’ Initiative to put money creation on the political...
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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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Antechinus: Bill Mitchell Demystifying Modern Monetary Theory

Antechinus: Bill Mitchell Demystifying Modern Monetary Theory | The Money Chronicle | Scoop.it
Bill Mitchell: Demystifying Modern Monetary Theory For most people, the greatest challenge to near-and-dear convictions is MMT’s claim that a sovereign government’s finances are nothing like those ...
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How to Fix Money and Banking System - Positive Money Proposals

How to Fix Money and Banking System - Positive Money Proposals | The Money Chronicle | Scoop.it
Tweet Sign the petition! Tell the future Prime Minister of the UK that money creation should only be used in the public interest. We need to know your name. Please check your email is valid. not in the UK?
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Stephanie Kelton The National Debt and modern money theory • /r/Economics

Stephanie Kelton The National Debt and modern money theory • /r/Economics | The Money Chronicle | Scoop.it
0 points et 2 commentaires sur reddit
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Reforming the Monetary System in Greece (2) – The Tethered Money proposal by Shann Turnbull | P2P Foundation

Reforming the Monetary System in Greece (2) – The Tethered Money proposal by Shann Turnbull | P2P Foundation | The Money Chronicle | Scoop.it
Earlier this week we featured an article by Chris Cook originally published by Pieria.co.uk. Today we feature a response to that article by Shann Turnbull.

Via jean lievens
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Robert Reich: America Is Winning The Race To The Bottom

On February 24, 2015, Robert Reich writes on Salon:
GM is worth around $60 billion, and has over 200,000 employees. Its front-line workers earn from $19 to $28.50 an hour, with benefits.
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Randy Wray — The Spanish Launch of Modern Money Theory

Sorry, I’ve been very busy in recent weeks, finishing up a book on Minsky and revising my Modern Money Primer for a second edition (more on both of those projects later).
Meanwhile, Lola Books is gearing up to release the Primer in Spanish next week.
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This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%

This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300% | The Money Chronicle | Scoop.it
On February 23, 2015, Tyler Durden writes on Zero Hedge: If anyone has stopped to ask just why global central banks are in such a rush to create inflation (but only controlled inflation, not runaway hyperinflation… of course when they fail with the...
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The Millennials’ Money Pt. 1

The Millennials’ Money Pt. 1 | The Money Chronicle | Scoop.it
The Millennials’ Money Pt. 1
By J.D. Alt
The ebook Diagrams & Dollars has been a top-seller on Amazon (in the category “macroeconomics”) for over a year now. There have been many requests for a paper-back version.
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Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives

Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives | The Money Chronicle | Scoop.it
Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives Edition of the Bill Black Report at The Real News discussing the good news that Iceland’s Supreme Court upheld the jail sentences that were handed down to four banking...
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#Monetary Sovereignty - Mitchell #Monetary Sovereignty – Mitchell

#Monetary Sovereignty - Mitchell #Monetary Sovereignty – Mitchell | The Money Chronicle | Scoop.it
Larger euro nations GDP per capita
Larger Monetarily Sovereign nations
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Lars P. Syll — Fiscal debt — what we should be aiming for

Lars P. Syll — Fiscal debt — what we should be aiming for | The Money Chronicle | Scoop.it
Excerpt from a video of Lynn Parramore interviewing Mario Seccareccia. Seccareccia explains why the Chartalist view is key to understanding the problems besetting the EZ and how to deal with the issue within the EZ structure.
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A new era for monetary policy - Adair Turner - YouTube

http://www.positivemoney.org/ A high-level workshop "A new era for monetary policy" with Lord Turner, a Senior Fellow at the Institute of New Economic Thinki...
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Bitcoin's 3 Fatal Design Flaws - Positive Money

Tweet This Saturday I’m giving a talk in a panel debate on Bitcoin at the O2. I’ve been asked to be the critic of an  alternative currency that has some very enthusiastic fans.
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▶ The Great Currency Debate! - YouTube

Time: 9:00 PDT; 17:00 GMT. Join us as we ask a panel of lead thinkers in the area to help demystify the role that they play. During this debate, we'll take a...
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