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Only Public Enterprise Can Heal Our Sick Economy

Only Public Enterprise Can Heal Our Sick Economy | The Money Chronicle | Scoop.it
By Dan Kervick For most Americans, the news that the US economy contracted by 0.1% in the fourth quarter of 2012, the first quarter of negative growth since the pit of the Great Recession 2009, has undoubtedly come as a disappointing shock.  For reade...
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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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Modern Monetary Theory 101 with Ellis Winningham and host Steven Grumbine

Modern Monetary Theory 101 with Ellis Winningham and host Steven Grumbine. Ellis's previous discussion on sectoral balances https://youtu.be/tPupNqVNdS0 Th
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A Monetary View of Rome's Fall

Harrison Schultz's lecture on Chapter 3 of Stephen Zarlenga's Lost Science of Money from the New School for Social Research
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President of Richmond Fed Leaks Insider Information and Goes Free

President of Richmond Fed Leaks Insider Information and Goes Free | The Money Chronicle | Scoop.it
NEP's Bill Black appears on The Real News Network discussing the investigation into leaking of inside information and how it shows how banks and the Federal Reserve are riddled with conflicts of interest. You can view here with transcript.
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Professor William Mitchell - The Failure of Economics

This video captures the audio of a presentation by Professor William Mitchell at Maastricht University as part of the Third Annual Joan Muysken Lectur
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Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems

By L. Randall Wray

This week we begin a new feature at New Economic Perspectives—a Primer on Modern Money Theory.
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The Proof That Banks Create Money

The Proof That Banks Create Money | The Money Chronicle | Scoop.it
Tweet Stay in touch Please enter your name. Please check your email is valid. not in the UK? AfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral … Continue reading →
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Stephanie Kelton -The Angry Birds Approach to Understanding Deficits in the Modern Economy

Stephanie Kelton -The Angry Birds Approach to Understanding Deficits in the Modern Economy | The Money Chronicle | Scoop.it
Stephanie Kelton -The Angry Birds Approach to Understanding Deficits in the Modern Economy. Dr. Kelton clears up the misinformation on Fed Deficits bein
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Tweet from @Momentum_NHS

We don't even have to tax the rich (Modern Monetary Theory), just invest public money in public services. Deficit spending = economic good.. https://t.co/ZaJVpEobVw
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The establishment wants to cut spending The establishment wants you afraid of the debt

The establishment wants to cut spending. The establishment wants you afraid of the debt. Afraid of deficits. Real Progressives is 100% against th
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President of Richmond Fed Leaks Insider Information and Gets to Walk Free

According to Bill Black, the investigation into leaking of inside information shows how banks and the Federal Reserve are riddled with conflicts of interes
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Some common lies and tactics that we experience as we try desperately to get a Green New Deal

Some common lies and tactics that we experience as we try desperately to get a Green New Deal.... the foes... not always as cut and dry as you think... man
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Review of “The Production of Money: How to Break the Power of Bankers”

Review of “The Production of Money: How to Break the Power of Bankers” | The Money Chronicle | Scoop.it
Tweet Summary Ann Pettifor’s new book, The Production of Money is an excellent contribution to the growing body of thought exposing mainstream, neoclassical economics’ poor understanding of money, banking, and finance, and how its thinking has led to a financial … Continue reading →
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Does the U.S. Treasury really destroy your tax dollars?

Does the U.S. Treasury really destroy your tax dollars? | The Money Chronicle | Scoop.it
Twitter: @rodgermitchell; Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell .................................................................................................................................................................................................. It takes only two things to keep people in chains: The ignorance of the oppressed and the treachery of their leaders.. ...................................................................................................................................................................................................... One thing that confuses those who are not familiar with Monetary Sovereignty, is the idea that federal tax dollars, rather than being used to fund…
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Government Is Money Monopolist, Therefore It Sets The Price

Warren Mosler, on with Steve Grumbine of Real Progressives, discussing the source of the price level, which is made very explicit in Modern Monetary Theor
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The only two elements in economics you need understand

The only two elements in economics you need understand | The Money Chronicle | Scoop.it
Having total control over the dollar U.S. government can pay any invoice denominated in dollars, and unlike state and local governments, the U.S. government neither needs nor uses taxes to fund its spending. Even if all federal taxes were $0, the U.S. government could continue spending, forever.

The federal government never can run short of dollars.
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Stephanie Kelton on why the US doesn't borrow to spend

Stephanie Kelton on why the US doesn't borrow to spend | The Money Chronicle | Scoop.it
Excerpt from Stephanie Kelton "Can Taxes and Bonds Finance Government Spending?" (1998) (h/t y in the comments) Federal Reserves note
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Economics Professor Stephanie Kelton: Rate Hike Is Preemptive

Watch more of the best in tech and startup news: http://vid.io/xcjS Professor Stephanie Kelton, an American economist and professor at the University o
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Bill Mitchell - billy blog

Bill Mitchell - billy blog | The Money Chronicle | Scoop.it
Modern Monetary Theory ... macroeconomic reality
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Binary Economics in a Nutshell - Center for Economic and Social Justice

Binary Economics in a Nutshell - Center for Economic and Social Justice | The Money Chronicle | Scoop.it
By Norman G. Kurland, September 2008 Many other writers on “worker ownership,” “broad-based capital ownership,” and “participatory economics” have trivialized and marginalized Louis Kelso as merely “the inventor of the ESOP” and as just another advocate of “the ownership solution” to the flaws of global capitalism. (One notable exception i
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How much money can banks create? [Banking 101 Part 4]

How much money can banks create? [Banking 101 Part 4] | The Money Chronicle | Scoop.it
Tweet In this video we’ll see that the type of reserve ratio that’s discussed in the textbooks has never even existed in the UK. We’ll see that the liquidity ratios that did exist have been reduced and eventually abolished, and that even when they … Continue reading →
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Banking 101 (Video Course)

Banking 101 (Video Course) | The Money Chronicle | Scoop.it
Tweet Stay in touch Please enter your name. Please check your email is valid. not in the UK? AfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral … Continue reading →
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Paul Craig Roberts on Junk Economics | Michael Hudson

Paul Craig Roberts on Junk Economics | Michael Hudson | The Money Chronicle | Scoop.it
Paul Craig Roberts on why anyone concerned about neoliberal economics needs to read this major piece of work
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GOLD STANDARD LOGIC IS NO LOGIC tonight with Ellis WInningham and Steve Grumbine LIVE on

GOLD STANDARD LOGIC IS NO LOGIC tonight with Ellis WInningham and Steve Grumbine LIVE on Real Progressives! Some must reads for those trying to gain a
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Monetary Reform, the War on Cash, and Dos and Don’ts of Metals Investing

Coming up we’ll hear a fascinating and informative interview Money Metals president Stefan Gleason gave for the Sustainable Money podcast. Stefan share
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