The MMT Podcast with Patricia Pino & Christian Reilly
- #157 Key Insights, Leading Thinkers, Vital Economics - with Prue Plumridge, Claire Jackson-Prior, Neil Wilson and Phil Armstrong
- #156 Dirk Ehnts: Davos, Debt Ceilings & Other Dubious Dramas
- #155 Phil Armstrong: Why Mainstream Economists Think Unemployment Is Good
- #154 Warren Mosler Answers Audience Questions
- #153 Dirk Ehnts: Fiscal Black Holes And How To Escape Them
Comments on: Macro N Cheese Podcast
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Money on the Left
- Money & Solidarity in Latin America w/ Andrés Arauz
- Superstructure 34 - Italy and International Fascism
- Can The Little Mermaid Speak?
- Making Digital Public Spaces w/ MUSICat
- The Descent of Money
The Modern Money Daily
- RBA loses all credibility with further interest rate increases
- Minnesota just passed a 100% clean energy bill – here’s what’s in it
- As Oregon lawmakers focus on housing, climate advocates eye building efficiency
- B.C.'s pink sea urchins are on the move to shallower waters thanks to climate change, researchers say
- Overview
Links
Monthly Archives: July 2010
Fiat Monetary System
Under a modern fiat monetary system: 1) The total amount of money is not constrained by some fixed amount of gold. Instead, it is constrained by the total output of the national economy. There should be enough money in circulation … Continue reading
3 modern money facts at work
First, under a fiat monetary system, “state money” has no intrinsic value. It is non-convertible which means that you can take a $AUD (Australian Dollar) coin to the government and in return you will get a $AUD coin back. There … Continue reading
3 essential features in Modern Money
To understand how the modern monetary economy operates we need to take a step into national accounting. First, a modern monetary system has three essential features: A floating exchange rate, which frees monetary policy from the need to defend foreign … Continue reading
History of Modern Money
Between 1870 and 1914, there was a global fixed exchange rate. Currencies were linked to gold, meaning that the value of a local currency was fixed at a set exchange rate to gold ounces. This was known as the gold … Continue reading
Hello, World!!
This is a blog that will explain how the modern monetary “fiat” system works. We will endeavour to explain the mechanics of modern money. This will not be based on theory but fact. Make no mistake about it that this … Continue reading