Framing MMT

September 7th, 2014
in econ_news, syndication

Econintersect:  Jason Kessler of the Modern Money Network has put together a document in Scribd which presents the content of a series of articles posted by Prof. L. Randall Wray, University of Missouri, Kansas City on the New Economics Perspectives website.

L. Randall Wray

Follow up:

This treatise outlines the nature of money, the creation of money and the uses of money from an operational perspective.  Perhaps a brief excerpt from the conclusion is a good introduction:

We need to recognize that the monetary system is important. It is not merely-or even mainly-used to lubricate exchange of goods and services. From its origins, the monetary system has played an important role in pursuit of the public interest. It also is used in pursuit of the private interest. And it is-especially in recent years-used by a rapacious elite of Wall Street insiders in their own selfish interests.

Framing MMT — Modern Money Network



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