Modern Money Illustrated

DIAGRAMS & DOLLARS Written by J.D. Alt, New Economic Perspectives Constructed from original Part 1 and Part 2. Click to enlarge 1. The “unsolvable” riddle of our National Budget Being an architect, I’m fascinated by diagrams visualizing things which otherwise are invisible. In designing a building we usually begin with diagrams to explore and understand …

The I.O.U. in the U.S. Dollar

by J.D. Alt, New Economic Perspectives One of the strangest things to understand about Modern Money Theory is why, if government doesn’t need your tax dollars in order to spend, does government tax at all? Here is an attempt at a new and “better” explanation. It is based on the insight that the government DOES, …