The Money Chronicle
Follow
Find
18.7K views | +4 today
 
Scooped by Dai
onto The Money Chronicle
Scoop.it!

John Taylor, Post-Modern Monetary Theorist « Uneasy Money

John Taylor, Post-Modern Monetary Theorist « Uneasy Money | The Money Chronicle | Scoop.it
After Post-Keynesian economics, came Modern Monetary Theory. And now it seems, John Taylor has discovered Post-Modern Monetary Theory. What, you may be asking yourself, is Post-Modern Monetary Theory all about?
more...
No comment yet.
The Money Chronicle
Issues dealing with money reform and changes to our monetary system
Curated by Dai
Your new post is loading...
Your new post is loading...
Scooped by Dai
Scoop.it!

▶ 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...
Dai's insight:

“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

more...
No comment yet.
Scooped by Dai
Scoop.it!

Some (More) Thoughts on Money

Some (More) Thoughts on Money | The Money Chronicle | Scoop.it
We got some comments a week or so ago when we started the just-finished series on the Greek debt crisis.  While no doubt well-intentioned, however, the comments were based on misconceptions about money, credit, banking, and finance, as well as the...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Debt Miracle: Why the Country that Borrowed the Most Industrialised First | naked capitalism

Debt Miracle: Why the Country that Borrowed the Most Industrialised First | naked capitalism | The Money Chronicle | Scoop.it
When we consider the dangers of debt in today’s world, we should keep an eye on its potential benefits as well.
more...
No comment yet.
Scooped by Dai
Scoop.it!

The Money Fix A Documentary for Monetary Reform (2009) CC/Subtitles

Money is at the intersection of nearly every aspect of modern life. Most of us take the monetary system for granted, but it has a profound and largely . Money is at ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Modern Monetary Theory: The Last Progressive Le...

Modern Monetary Theory: The Last Progressive Le... | The Money Chronicle | Scoop.it
Modern Monetary Theory: The Last Progressive Left Standing | MyFDL on Conservative Liberty and Freedom is nothing but an empty box wrapped in the flag that helps no one.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Who Will Own?

Who Will Own? | The Money Chronicle | Scoop.it
A while back, say, a century or so, Judge Peter S. Grosscup of the U.S. Seventh Circuit Court of Appeals published an article with the title, “Who Shall Own America?
more...
No comment yet.
Scooped by Dai
Scoop.it!

▶ The Austerity Delusion - Mark Blyth - YouTube

We apologise for the sound quality on this video. There were problems with the feed at this event. Political economist and YouTube sensation Mark Blyth argue...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Economic grace of ‘Social Credit’: national dividend and compensated retail prices to facilitate consumer goods distribution in an age of robotics

Economic grace of ‘Social Credit’: national dividend and compensated retail prices to facilitate consumer goods distribution in an age of robotics | The Money Chronicle | Scoop.it
by Wallace Klinck, Washington's Blog: “The unacknowledged, but obvious, truth is that unnecessary work, imposed by either edict or contrived financial legerdemain, is slavery and servitude—totally irrational and immoral.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Solving the Greek Debt Crisis, XI: Working With Debt

Solving the Greek Debt Crisis, XI: Working With Debt | The Money Chronicle | Scoop.it
Yesterday we saw how the United States implemented a plan to replace its various debt-backed currencies (United States Notes, National Bank Notes, and the Treasury Notes of 1890) with debt-backed Federal Reserve Bank Notes, and replace the...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Money and Sovereignty - How money works #1

For IOU clarification: https://underground.net/how-money-is-simply-an-iou/ ("Νόμισμα και Κυριαρχία") This video is a shortened transcript, almost verbatim, of the ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

The Secret of Oz

It is well known in economics academia that The Wonderful Wizard of Oz written by L. Frank Baum in 1900 is loaded with powerful symbols of monetary reform ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Bernard Lietaer: Modern Monetary Theory is right

"Academically [MMT] has not been challenged. And from what I study on it, they are right!" The New Paradigm of Money: Monetary blind spots and structural ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

BRICS bank to rival West financial system: Rodney Shakespeare - Press TV

BRICS bank to rival West financial system: Rodney Shakespeare - Press TV | The Money Chronicle | Scoop.it
An academic says the BRICS bank will have a competing structure which will rival the western financial system.
more...
No comment yet.
Scooped by Dai
Scoop.it!

A direct threat to our democracy - The Cordova Times - Cordova Times

A direct threat to our democracy - The Cordova Times - Cordova Times | The Money Chronicle | Scoop.it
The Cordova Times - Prince William Sounds oldest newspaper, established in 1914
more...
No comment yet.
Scooped by Dai
Scoop.it!

What does social credit mean? - YouTube

What does social credit mean? A spoken definition of social credit. Intro Sound: Typewriter - Tamskp Licensed under CC:BA 3.0 Outro Music: Groove Groove - Ke...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Impacts of Positive Money reforms on Environment - Positive Money (BSD)

Impacts of Positive Money reforms on Environment - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet   The current monetary system negatively impacts on the environment in several ways. First, it creates a business cycle where recessions are positively correlated with the removal of regulation protecting the environment.
more...
No comment yet.
Scooped by Dai
Scoop.it!

97% Owned - Economic Truth documentary - Queuepolitely cut

97% Owned - Economic Truth documentary - Queuepolitely cut To join the campaign to democratise money see Watch the sequel: . Watch the sequel: 97% ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

Bristol pound counts in local economy - FT.com - Financial Times

Bristol pound counts in local economy - FT.com - Financial Times | The Money Chronicle | Scoop.it
Yurt Lush, a Mongolian themed restaurant, this month became the first business to pay its electricity bill using the “Bristol pound”.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Solving the Greek Debt Crisis, XII: The Key to Economic Recovery

Solving the Greek Debt Crisis, XII: The Key to Economic Recovery | The Money Chronicle | Scoop.it
Yesterday we noted that there is one key factor that cannot be omitted from the proposed program to put Greece on an even keel economically.  Regular readers of this blog already know what this is: an aggressive program of expanded capital...
more...
No comment yet.
Scooped by Dai
Scoop.it!

▶ Joseph Stiglitz on Greece debt crisis - YouTube

Renowned economist Joseph Stiglitz says Europe needs to keep supporting Greece. Speaking to Al Jazeera in the Ethiopian capital Addis Ababa Stiglitz said tha...
more...
No comment yet.
Scooped by Dai
Scoop.it!

How Louis Kelso Invented The ESOP

The following article was excerpted from Equity: Why Employee Ownership Is Good for Business (Harvard Business School Press, 2005), copyright © Corey Rosen, John Case, and Martin Staubus. Sources can be found in the book.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Stephanie Kelton - Does More Government Help or Hurt? Destroyes The Libertarian Arguments!

Just the facts folks! you will never see her on CNBC, FOX or Bloomberg. But as my friend Tacos would say, The Ass Clown Gold Pumpers like Peter Schiff are on ...
more...
No comment yet.
Scooped by Dai
Scoop.it!

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.
more...
No comment yet.
Scooped by Dai
Scoop.it!

Quantitative Easing vs Sovereign Money Creation (Infographic) - Positive Money (BSD)

Quantitative Easing vs Sovereign Money Creation (Infographic) - Positive Money (BSD) | The Money Chronicle | Scoop.it
Tweet   Download Print at home version     Join the Campaign Please enter your name. Please check your email is valid. not in the UK?
more...
No comment yet.