#Monetary

MMT states that the government is the monopoly issuer of the domestic currency. Does it means that nobody else can issue monetary instruments? Does it means that MMT ignores private

III Capital 🔑

1/ It's intuitive for smart people to see Bitcoin as a ponzi/bubble at first.Why?Because MONETARY VALUE is DEPENDENT on OTHER HUMANS. If you are trapped on a island alone, monetary

Stephanie Kelton

StephanieKelton

How I see it:We have Covert Monetary Financing (CMF) now.Primary dealers take up all newly-issued Treasuries, and the Fed backstops primary dealers. Ergo, the Fed is *already* directly coordinating with

Here for the Fin

Some thoughts and charts on the inflation vs deflation argument as it relates to Fed action now and over the last 20 years (1/x) Inflation is driven by both size

Here's why the eurozone may not survive this crisis:1. There is a solution to the economic impact - direct monetary financing of government expenditures.2. If the US/UK recover quicker than

Edward Harrison

How monetary policy entrenches secular stagnation https://creditwritedowns.com/2017/06/how-monetary-policy-entrenches-secular-stagnation.html This is a piece I wrote in 2017 in response to then NY Fed Prwsident Bill Dudley /1 “If we were

1) The focus on limited supply as the value proposition for Bitcoin is misleading people to view ETH as a superior investment if it has decreasing supplyUltimately the true value

1/4Governor Yi Gang says that the greater monetary stimulus adopted by the US and Europe will see diminishing effects and will be hard to quit. What is more, “in the

many individuals and organizations are hosting canned food drives to help during this crisis, but a food bank worker could take that $1 you spent on 1 item and get

Expanding the ways and means account. Have we become Zimbabwe? Are we going to get Zimbabwe like outcomes? No. This is the move by HMT to instruct the BoE to

Anonymous poster

handle_anonymus

Saar,No one drops out of good kalejes. Gateswa had close to zero downside risks, when he dropped out, and he dropped out because his daddy could have gotten him better

Chris W J Roberts

#Inflation surging everywhere (with both money supply surges & disrupted supply chains):- Wheat & canola surging prices- Timber & copper- Single-family & residential apartment prices- Fruit, veggies, & meat- Consumer

Vitor Constâncio

Replying @dandolfa @farmerrf . I misinterpreted that FTPL was the underlying reason for your statement that in the long term inflation is always fiscal. The Sargent-Wallace paper implies that but

In a sense, governments use monetary finance every day.Every dollar or pound spent is a new dollar or pound.It is just that they no longer withdraw the reserves created by

Really enjoyed listening to @Paschald at the @iiea But it's obvious that politicians/policymakers don't fully understand what the @ecb is doing, and the effect of the multiple monetary policies they

.@NathanTankus poses a challenge. My perhaps naive reply is that the Fed is not "our central macroeconomic administrative agency." 1/https://twitter.com/Frank_vanlerven/status/1300811220426125313 The Fed's responsibilities are