Modern Money Primer
Each Monday we will post a relatively short piece, gradually building toward a comprehensive theory of the way that money “works” in sovereign countries. We will then collect comments through Wednesday night, and will post a response to the comments on Thursday. The comments should be directly related to that week’s blog. Since we are trying to develop an understanding of MMT, we especially encourage commentators to let us know where we have been unclear. Since we will be presenting the Primer over the course of the coming year, we will sometimes have to beg for patience—obviously we cannot present the entire theory all at once.
These blogs begin with the basics; no previous knowledge of MMT—or even of economics—is required. The blogs are sequential; each subsequent blog builds on previous blogs. The blogs will be at the level of theory, with only limited reference to specific cases, histories, and policies. That is intentional. A Primer should provide a general overview that can be adapted to specific national situations. The regular pages of NEP will continue to discuss current real world policy issues. The Primer will remain on a different plane.
These blogs begin with the basics; no previous knowledge of MMT—or even of economics—is required. The blogs are sequential; each subsequent blog builds on previous blogs. The blogs will be at the level of theory, with only limited reference to specific cases, histories, and policies. That is intentional. A Primer should provide a general overview that can be adapted to specific national situations. The regular pages of NEP will continue to discuss current real world policy issues. The Primer will remain on a different plane.
- MODERN MONEY THEORY: A PRIMER ON MACROECONOMICS FOR SOVEREIGN MONETARY SYSTEMS
- THE BASICS OF MACRO ACCOUNTING
- RECENT USA SECTORAL BALANCES: GOLDILOCKS, THE GLOBAL CRASH, AND THE PERFECT FISCAL STORM
- MMT, SECTORAL BALANCES AND BEHAVIOR
- GOVERNMENT BUDGET DEFICITS ARE LARGELY NONDISCRETIONARY: THE CASE OF THE GREAT RECESSION OF 2007
- WHAT IS A SOVEREIGN CURRENCY?
- WHAT BACKS UP CURRENCY, AND WHY WOULD ANYONE ACCEPT IT?
- Taxes Drive Money
- WHAT IF THE POPULATION REFUSES TO ACCEPT THE DOMESTIC CURRENCY?
Che roba è?? una nuova materia? Educazione Monetaria ed Economica?? A scuola non mi hanno mai insegnato nulla!! mi hanno insegnato di tutto, ma riguardo a ciò nulla!! nu-la!!
RispondiElimina