AMI Statement to the UN Climate Conference COP28

  Introduction Monetary conference calls COP28’s attention to the connection between the current dysfunctional monetary system and environmental degradation, including climate change Chicago, November, 2023 — Last month, from September 29 until October 1, the American Monetary Institute (AMI) held its 19th annual conference on monetary theory and reform. The conference brought together some of the … Continue reading “AMI Statement to the UN Climate Conference COP28”

The American Monetary Institute: The View from a Steward

    Focus The focus of the American Monetary Institute was and is on the almost unbridled credit creation facility of commercial banks (and its frequent turning off the tap) as a major cause of the destructive booms & busts in the financial sector and its spilling over into the real economy with disastrous consequences … Continue reading “The American Monetary Institute: The View from a Steward”

Additions to Bibliography February 2023

  B. Academic Studies on Sovereign Monetary Theory and Reform Armelius, Hanna & Carl Andreas Claussen, David Vestin. 2020. “Money and monetary policy in times of crisis”. Monetary Policy Department and the Payments Department of the Riksbank. Riksbank of Sweden. Economic Commentaries, 4 (11 June 2020): 1-15. Assenmacher, Katrin & Claus Brand. 2018. “The Swiss … Continue reading “Additions to Bibliography February 2023”

John Titus is not up to Snuff? Or the Need for Epistemic Maturation

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.

Additions to Bibliography May 2021

Additions to the Extensive AFJM Bibliography May 2021 Dear folks, Find above the link to the fourth AFJM Monetary Reform bibliography update. The list, as is the bibliography itself here on Alpheus and on the AFJM web site, is alphabetized and categorized under Academic Sources, MMT Issue, Advocacy, Supporting Studies, Articles, Videos and Background Studies. … Continue reading “Additions to Bibliography May 2021”

On Money: The Libra versus Sovereignty

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”

Richard Wolff’s Trajectory beyond MMT into SMR

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”

On Money: Postal Financial Services

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”

Dutch Report on Money and Debt and its Reception by Ons Geld

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 and the Road to the WRR Report

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”