“We can’t run out of money,” economist L. Randall Wray said. The U.S. government spends through keystrokes that credit bank accounts, he continued.

Part 2 focuses on the current fiat system, how money is created, what the money supply is and begins to comment on bitcoin as money. Part 3 delves into the history of money, its relationship to state ...

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market ...

Understanding the Modern Monetary System. This is the full-bore description of MMT as featured on the PragCap website, with a mix of commentary from Cullen Roche and Warren Mosler.

For many years, “modern monetary theory” advocates have been a merry band of contrarians. If they taught a course, it might be called Everything You Know About Macroeconomics Is Wrong.

Understanding Modern Monetary Theory . ... According to FederalReserveHistory.org, the system became operational in 1958 and pegged currencies to the dollar, which were backed by gold.

Modern Monetary Theory (MMT) is a macroeconomic theory that government spending should not be restrained due to the fear of rising debt.

Money & Macro. The Monetary System Simplified: Hierarchy of Money Explained. Posted: December 19, 2024 | Last updated: March 6, 2025. Ever wondered how the monetary financial system works?

Understanding the Modern Monetary System; Understanding Moneyness; Understanding Inside & Outside Money; This article was written by. Cullen Roche. 68.89K Followers. Follow.