Essay giving an overview of serious warnings regarding the economy in the light of the recent bankruptcies of FTX and SVB.
Essay giving an overview of serious warnings regarding the economy in the light of the recent bankruptcies of FTX and SVB.
Making the case that John Titus was construing a false connection between 1) a BlackRock semi-public economics paper discussing the possibility of the FED ‘going direct’ and b) a later instantiation of that policy by the FED during the Covid-19 emergency.
Making the case that John Titus was construing a false connection between 1) a BlackRock semi-public economics paper discussing the possibility of the FED ‘going direct’ and b) a later instantiation of that policy by the FED during the Covid-19 emergency.
The Alliance For Just Money is excited to have stepped into the publishing business by releasing a Spanish anthology of a dozen translations of high quality articles on the latest findings in monetary theory and on ongoing improved reasons for real monetary reform. The title is Democratizar el Dinero. Una introducción a la Reforma del … Continue reading “Launch Announcement of Democratizar el Dinero”
Triple-column Comparison between Modern Monetary Theory (MMT), the Actual Monetary System, and Sovereign Monetary Reform (SMR) A while ago I found a very useful double-column comparison of the concept of the monetary system in Modern Monetary Theory (MMT) and how the monetary system actually functions. The figure is titled: “Overview of MMT Flaws Relative … Continue reading “Triple-column Comparison”
A US-based progressive monthly, The Nation, just published an article about the Libra by MMT enthusiast Rohan Grey, titled: “Facebook Wants Its Own Currency. That Should Scare Us All. Instead of embracing Facebook’s Libra, we should be rallying for a public option for digital currency.” This is an interesting article and deserves close scrutiny for several … Continue reading “On Money: The Libra versus Sovereignty”
Introduction In 2011 I took a sociology class on global social problems. Three texts were required and one of them, Global Problems and the Culture of Capitalism by Richard Robbins, stood out in several ways. The book was very rich in information with many on-the-ground narratives. It had a simple but effective overarching theory; … Continue reading “Global Problems and the Culture of Capitalism”
Introduction Recently I watched two episodes of the progressive Thom Hartmann Program in which the host discussed banking and Modern Monetary Theory (MMT) with the Marxist economist Richard Wolff [1, 2]. Following are the pertinent points I came away with, which developed into a little article, in which I will try to make the case … Continue reading “Richard Wolff’s Trajectory beyond MMT into SMR”
The social democratic wing of the US Democratic Party is floating two important proposals: 1) provide financial services through the wide network of postal offices to the so-called ‘unbanked and underbanked’ population; and 2) cap interest rates at 15% [6]. Both proposals have connections with monetary reform. The Kucinich NEED Act caps interest rates at … Continue reading “On Money: Postal Financial Services”
On January 17, 2019, a research institute of the Dutch government, The Netherlands Scientific Council for Government Policy (WRR), offered its report on banking and money-creation to the Dutch government [1]. The report was commissioned by the government after a motion in the Dutch parliament in March 2016 during a debate, which itself was triggered … Continue reading “Dutch Report on Money and Debt and its Reception by Ons Geld”
Ons Geld (Our Money) is a Dutch foundation promoting sovereign monetary reform. Its motto is “Money Creation for the General Welfare” and proposes four changes to the current, dysfunctional money system, which proposal is basically the same as what for example The American Monetary Institute [1] and The Alliance for Just Money [2] propose in the … Continue reading “Ons Geld and the Road to the WRR Report”
