It could be that with the election of Alexandra Ocasio-Cortez to congress, MMT's star will rise with hers as she is reportedly an adherent and possibly views MMT as a means to fund her Green New Deal.
As we see below, MMT has been around for some time, having come out of the Chartalism school in the first half of the 1900's and was made into MMT in the early 90's by Warren Mosler, apparently after a "Long steam" with Donny Rumsfeld, who then referred him to Art Laffer.
To the casual onlooker, MMT may sound a lot like standard-issue Keynesianism, the idea that the Government can and should run deficits to smooth out the business cycle.
At its core, Modern Monetary Theory is an argument that would be wonderfully familiar to every sovereign since the invention of debt.
MMT says debt can expand perpetually and inflation will not occur provided it doesn't expand faster than the value in the private economy and any excess liquidity is drained off via taxation.
Under MMT there is no more pretence that the currency has any intrinsic value - it's an economic scorecard and nothing more.
Warren Mosler describes how he saw bank operations while working in banks, Then how that formed Modern Monetary Theory, MMT. Menu. Satoshi DEX. Crypto Exchanges. Crypto Talk. Crypto Trading. Bitcoin Economics. News. Bitcoin News Feed; Altcoin News Feed; Ethereum News Feed; All; Altcoin News Feed; Bitcoin News Feed; Ethereum News Feed; Search for; Sidebar; Trending . Apple will not feature ... Company released an 8k stating Warren Mosler, the economist,hedge fund founder, engineer, professional automotive designer, and politician had tacken a controlling interest in the Company. Reger owns 51.9% (63.7 million) of the shares as of the last 10K, maybe they'll get retired. Mosler a long time investor in the company, owns 28% (33 million shares). The Gower Initiative for Modern Money Studies has Warren Mosler’s talk The Good Dream is Factual MMT. I don’t like to say that taxes don’t fund spending. The word fund is ambiguous. It’s better to say the government doesn’t need your money to be able to spend. But they need you not to have it so that they can spend. So many people who think they understand MMT don’t get this point ... Bob brings on MMT superstar Warren Mosler to explain—not to debate!—his understanding of Modern Monetary Theory. After summarizing Mosler’s interesting background, the two discuss the assumptions behind MMT and its implications for economic policy. For more information, see BobMurphyShow.com. Mosler is stuck on the idea of "what is the final value of bitcoin?" And the answer is, the Bitcoin system allows decentralized payments in a unique way. The Bitcoin currency is the only denomination in which you can pay fees to get your transactions notarized in that unique system. And this is no less narcissistic than saying "State X fiat is ...
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Learn how to invest with real Macro Economic Understanding. Subscribe to me on Patreon and get more in-depth learning, up to date market coverage, Charting analysis, investing know how and ... Warren Mosler is the author of "The 7 Deadly Innocent Frauds of Economic Policy"...and he is not as upbeat about the US economy as other forecasters. He sees trouble with wages and deficits. Also ... Learn how to invest with real Macro Economic Understanding. Subscribe to me on Patreon and get more in-depth learning, up to date market coverage, Charting analysis, investing know how and ... Mosler on bitcoin. The Big Short 6 - Jared Vennett's Pitch to Front Point Partners (Jenga Blocks Scene) - Duration: 8:35. Olivier BOSSARD Recommended for you Quote from: "Full Employment AND Price Stability" Warren Mosler link to publication: http://moslereconomics-kg5winhhtut.stackpathdns.com/wp-content/uploads/2...