Date: 2025-05-09 Page is: DBtxt003.php txt00025685
ECONOMICS
MODERN MONETARY THEORY
Economics Explained: Modern Monetary Theory: How it Could Answer All Of Our Economic Problems
MODERN MONETARY THEORY
Economics Explained: Modern Monetary Theory: How it Could Answer All Of Our Economic Problems
Original article: https://www.youtube.com/watch?v=N8HOWh8HPTo
Peter Burgess COMMENTARY
Peter Burgess
Economics Explained
Apr 2, 2020
2.34M subscribers ... 873,298 views ... 25K likes
#Stimulus #Recession #MoneyPrinter
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Modern Monetary Theory is something so simple yet so complex all at the same time, it does really involve divorcing your mind from how you personally interact with money to ultimately grasp how cash works at an economy-wide level.
A lot of supporters of the theory push it as a cure-all to any economic ailments, and you know what with the money printers firing away like they are right now we may finally get a chance to find out if they are correct, but in reality, it’s not a prescription to fix a broken economy as much as it is an insight into how modern economies work.
📚 Want to learn more about Modern Monetary Theory? We recommend reading 'Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, Second Edition', by L. Randall Wray 👉 https://amzn.to/2A6AGVl (as an Amazon Associate, we earn from qualifying purchases)
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Sources & Citations -
- Luther, W.J., 2018. Is bitcoin intrinsically worthless?. AIER Sound Money Project Working Paper
- Duffy, J. and Ochs, J., 2002. Intrinsically worthless objects as media of exchange: Experimental evidence. International Economic Review
- Ritter, J.A., 1995. The transition from barter to fiat money. The American Economic Review
- McCabe, K.A., 1989. Fiat money as a store of value in an experimental market. Journal of Economic Behavior & Organization
- Palley, T.I., 2015. Money, fiscal policy, and interest rates: A critique of Modern Monetary Theory. Review of Political Economy
- Visser, H., 1991. Modern monetary theory
- Tsiang, S.C., 1989. The monetary theoretic foundation of the modern monetary approach to the balance of payments. In Finance Constraints and the Theory of Money
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