By Govert Schuller. The Modern Monetary Theory (MMT) school is perceived sometimes as representing the ideas of the New Currency Theory (NCT) school so named by the eminent German economic sociologist and monetary reform theorist Joseph Huber. Huber, though admitting overlaps between the two theories, thinks the actual differences have profound consequences both at the theoretical … Continue reading “Introduction to the Problem with Modern Monetary Theory (MMT)”
Category: Monetary Reform
Labor Day and Monetary Reform
Labor Day might be the appropriate day to confirm the establishment of an activist organization promoting economic and social justice by reforming the US monetary system. Its name is the Alliance for Just Money. The goal is to bring the money system back under sovereign, constitutional control away from the commercial banks which have abused their … Continue reading “Labor Day and Monetary Reform”
Modeling the Financial-Economic System and how to make it Sustainable
Two economic researchers, van Egmond and de Vries, at the Sustainable Finance Lab (University of Utrecht, the Netherlands) developed a dynamics model in which the financial system is explicitly included. Their working paper is titled “Dynamics of a Sustainable Financial-Economic System”[1] and it also addresses a sovereign monetary system. After Yamaguchi in 2010 [2] and … Continue reading “Modeling the Financial-Economic System and how to make it Sustainable”
Alliance for Just Money
INTRODUCTION A new organization focusing on sovereign monetary reform has been established. Its name is the Alliance for Just Money and it grew organically out of the American Monetary Institute, with which it is allied. On the fifteenth of July, 2018, the founding meeting of the new organization took place. Articles of incorporation, by-laws, mission statement and guiding … Continue reading “Alliance for Just Money”
A vote to upend banking as we know it?
By Howard Switzer. For a decade the nascent monetary reform movement has been educating people about what money is, how it is created, its consequences and solutions. In a June 1st article by Brian Blackstone titled “A Vote to Upend Banking as We Know It,’ [1] the Wall Street Journal recognized monetary reform, taking it … Continue reading “A vote to upend banking as we know it?”
Bibliography Monetary Theory and Reform
Main Categories: A. Proposed Legislations and Organizational Endorsements B. Academic Studies on Sovereign Monetary Theory and Reform C. Studies Critical of Sovereign Monetary Theory and Reform (including MMT section) D. Non-academic Advocacy Pamphlets, Reports, Briefings and Books E. Supporting Studies Addressing Monetary Issues F. Journalistic Articles Addressing Monetary Reform G. Educational and Promotional Videos H. … Continue reading “Bibliography Monetary Theory and Reform”
The Green Party US Position on Banking Reform
Banking and Insurance Reform Our Position Greens will overhaul the financial industries to end their culture of impunity and to prevent them from committing fraud or malfeasance so severe as to drive our nation into a massive recession or depression. Since finance, banking, and insurance institutions occupy a privileged position of power at the center … Continue reading “The Green Party US Position on Banking Reform”
Summary of the NEED Act
H.R. 2990 (112th): National Emergency Employment Defense Act of 2011 The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress. Summary 9/21/2011–Introduced. National Emergency Employment Defense Act of 2011 – Replaces Federal Reserve notes with United States Money. Instructs the Secretary of the Treasury to … Continue reading “Summary of the NEED Act”
Formulations of the Three-Point Policy Proposal for Monetary Reform
Introduction. Modern monetary reform aims at three inter-connected changes of the monetary system, which unity is essential and therefore for many non-negotiable. This is a compilation of different formulations of essentially the same three points. Most formulations are intentionally triple-pointed and some are differently constructed even while more or less covering the same proposals. This list is … Continue reading “Formulations of the Three-Point Policy Proposal for Monetary Reform”
A Viable Solution to the Economic Crisis
By Robert Poteat, Director, American Monetary Institute The Problem: The 1913 Federal Reserve Act Arguably the greatest attack on humanity in all of history was made December 23, 1913, the enactment of the Federal Reserve Act by the Congress and President of the United States. It was the culmination of centuries of political, financial, intellectual, … Continue reading “A Viable Solution to the Economic Crisis”