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Mike Norman Economics: Rodger MItchell –MMT: To make your ...

Mike Norman Economics: Rodger MItchell –MMT: To make your ... | The Money Chronicle | Scoop.it
I ask the followers of MMT, and like-minded thinkers, to switch their primary argument from deficits, debt, taxes, money creation, banking laws and other inanimate concepts, and instead humanize our economic problems by ...
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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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▶ Swiss solution for Greece: two currencies - Euro co-designer - YouTube

The future is unclear not only for Greece, but for the Eurozone itself. One of the architects of the Euro, Bernard Lietaer thinks hard liners in bailout nego...
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▶ Too Big to Jail? - YouTube

A veteran bank regulator lays bare how Washington and Wall St. are joined in a culture of corruption.
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▶ US Hedge Funds Get Bailed Out if Greeks Pass Bailout Referendum - YouTube

Foreign banks want to bleed the patient when a policy of debt cutting and tax reform would revive the Greek economy, say UMKC's Bill Black and Michael Hudson
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Bill Mitchell — Greece has only one viable path – exit

Bill Mitchell — Greece has only one viable path – exit | The Money Chronicle | Scoop.it
Neoliberalism is a political theory based on economics and bad economics at that.
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What are Economists Saying About Iceland’s Sovereign Money Proposal? - Positive Money (BSD)

What are Economists Saying About Iceland’s Sovereign Money Proposal? - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet A study recently commissioned by the Icelandic prime minister, Sigmundur Gunnlaugsson, and written by Frosti Sigurjonsson, displays an accurate analysis of how banks create money and endorses Sovereign Money proposals.
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What We Do - Positive Money (BSD)

What We Do - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet   Our current financial system has left us with the highest personal debt in history, unaffordable housing, worsening inequality, high unemployment and banks that are subsidised and underwritten with taxpayers’ money.
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Central bank currency swaps and the international monetary system

Presentation at the Korean Development Institute Conference on Global Financial Safety Net and Regional Financial Arrangements - Seoul, June 22-23 2015 Currency swaps are quickly becoming an additional layer of an already multilayered global...

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Social Credit Series October 2014 - How I Came to Social Credit - M. Oliver Heydorn Ph.D

How I came to Social Credit - M. Oliver Heydorn Ph.D.
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Would stripping banks of their power to create money cause a shortage of money, high unemployment and an economic decline? (Report) - Positive Money (BSD)

Would stripping banks of their power to create money cause a shortage of money, high unemployment and an economic decline? (Report) - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet Some economists and commentators have claimed that Positive Money’s proposals for a sovereign money system, in which banks are not permitted to create money, would leave the economy with a money and credit supply that is rigid, inflexible and...
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What type of monetary framework should the Greeks adopt if they were to part ways with the Eurozone? - Positive Money (BSD)

What type of monetary framework should the Greeks adopt if they were to part ways with the Eurozone? - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet The “Grexit” might be just around the corner. Wall Street bets on 75% chance of Greek default.
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▶ Still Report #384 - My Greece Solution - YouTube

A friend of mine recently accused me of supporting raw unlimited Drachma creation in Greece without the restraints of much-needed fiscal discipline. This is ...
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▶ When The Herd Turns - YouTube

Current best practices in risk management work only when correlations are stable. At turning points historical relationships between assets breakdown. The on...
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▶ The New Robber Barons - YouTube

Washington continues to reward wealthy donors and Wall St but what about everyday Americans? Author and historian Steve Fraser has answers. See more: http://...
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US Hedge Funds Get Bailed Out if Greeks Pass Bailout Referendum (2/2) - YouTube

Foreign banks want to bleed the patient when a policy of debt cutting and tax reform would revive the Greek economy, say UMKC's Bill Black and Michael Hudson
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The day we handed in our petition at 10 Downing St - Positive Money (BSD)

The day we handed in our petition at 10 Downing St - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet Report by Ian Chan, member of Positive Money Hackney  Tuesday 26th of May was the day we finally got to hand in our petition to 10 Downing Street.
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News from the Network, Vol. 8, No. 26

News from the Network, Vol. 8, No. 26 | The Money Chronicle | Scoop.it
We realize we’re completely out of touch with reality by ignoring such controversies as whether the Greek debt crisis should make the stock market go up or down (or down or up, or even sideways), or whether to have fish, or beans and rice for...
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Sovereign Money - Common Critiques - Positive Money (BSD)

Sovereign Money - Common Critiques - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet There are a number of common objections and concerns with the proposal to switch to a sovereign money system.
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Bureaucrazies Versus Democracy

The most recent of the almost daily “Greek Crises” has made one thing clear: the Troika of the IMF, the EU and the ECB is out to break the government of Greece.
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Michael Meacher MP at the historic debate in UK Parliament on Money Creation

http://www.positivemoney.org/On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society.
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▶ Keiser Report: Craft beer & crowdfunding (E772) - YouTube

Max Keiser and Stacy Herbert talk about transabled economies like the UK where economic policy seems intent on disabling growth, innovation and the economy. ...
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MMT (Modern Money Theory) = GoodMoneyEconomics

MMT, Modern Money Theory. Let us analyse the name Modern Money Theory. Unfortunately, large categories of people completely dislike the word "modern".
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The Grexit Proposal - Positive Money (BSD)

The Grexit Proposal - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet   It is no secret that tensions are high between Greece, Germany, the Troika, and the rest of Eurozone creditors.
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Fast-track Hands the Money Monopoly to Private Banks -- Permanently

Fast-track Hands the Money Monopoly to Private Banks -- Permanently | The Money Chronicle | Scoop.it
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.                   ...
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