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“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.

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.

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

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 ...

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

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.

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.

Modern monetary theory is an approach to economic management developed since the 1990s by Professor Bill Mitchell, alongside American academics like Professor Randall Wray, Stephanie Kelton, and ...