Tags: modern money

German Conservative Newspaper ‘Gets Endogenous Money’ – Kind Of

August 5th, 2014
in Op Ed

German Sunday paper FAS, which belongs to FAZ, has an article named "Hilfe, die Bank will mein Geld nicht" in today's paper. The title translates to "Help, the bank doesn't want my money". more »

The ECB on Money

July 30th, 2014
in Op Ed

The ECB discusses money in its paper "Enhancing monetary analysis". Chapter 1 is titled "The role of money in the economy and central bank policy". It was prepared by Giacomo Carboni, Boris Hofmann and Fabrizio Zampolli. The ECB distinguishes inside and outside money. more »

Former Dept. Secretary of the U.S. Treasury Says Critics of MMT are “Reaching”

October 31st, 2013
in Op Ed

A few weeks ago, I had a lengthy e-mail exchange with Frank N. Newman, former Deputy Secretary of the U.S. Treasury. Frank's books (here and here) are so closely aligned with MMT thinking about deficits, debt, monetary operations, etc. more »

The Rise of Minsky

October 14th, 2013
in Op Ed

MINSKY DOES RIO: Notes from a Conferenceby L. Randall Wray, New Economic Perspectives I recently returned from conference in Brazil jointly sponsored by the Levy Economics Institute, the Ford Foundation, and the Brazilian research group MINDS. It is… more »

Redefining Base Money

August 14th, 2013
in Op Ed, syndication

Defining “Base Money” with floating fx- The Great Reframationby Warren Mosler With fixed fx/convertible currency ‘base money’ doesn’t include government securities.  In fixed money systems those obligations are claims on government reserves (gold, fx… more »

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