The MMT Podcast with Patricia Pino & Christian Reilly
- #133 Hannah Appel: Debt Cancellation - The Activist's Toolkit
- #132 Phil Armstrong: Greece, The Euro & Getting The Money Story Right
- #131 Fadhel Kaboub: Free Trade Isn’t Free: Food Sovereignty And Why It Matters
- #130 Andrés Bernal: Inflation & What Orthodox Economists Misunderstand About Money
- #129: MMT Lens On The Chancellor's Spring Statement
Real Progress In Action
Money on the Left
- Money on the Left: The Journal featuring "Food, Money & Democracy"
- Projections 5: In Social Medias Res
- Superstructure: Plato’s Republic (Part 2)
- Municipal Money After Crypto: Austin Edition
- Projections: May '22 in Review
The Modern Money Daily
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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