PoorNoMore — ஏழைகளே இல்லாத உலகம்

Policy Proposal: Being the money monopolist, nothing comes in the way of the Government to provide basic and essential services to people and  ensure functioning of critical and strategic sectors, at all times, even during recession and calamities  like wars or natural disasters including climate catastrophe.  So, Government has to segregate the economic activities in to three segments: essential basic services to its citizens, critical & strategic functions and other economic activities; and then be the lead and dominant player   in the first two segments. We are  hanging on to the uncertainty of climate damage for not acting on that ;  if it happens, then it will be catastrophic  for the entire world,  particularly to the vulnerable segment  of people;  even if it doesn’t happen, there is nothing wrong absolutely about responsible and sustainable development ;  at the time of calamities, we may have to halt all our economic a...

MMT history and overview What is Money? by A. Mitchell Innes A Framework for the Analysis of the Price Level and Inflation Exchange Rate Policy and Full Employment MMT White Paper The Natural Rate of Interest is Zero Flow of Money - Sectoral Balances Flow of Money - Revisited

Warren Mosler : The Seven Deadly Innocent Frauds of Economic Policy Soft Currency Economics MMT White Paper Government deficit = Private Sector Savings Real tax is paid, when the government spends, not when it taxes: interview by Alan Kohler Warren Mosler - Modern Monetary Theory (MMT) Interview - Real Vision Government Is Money Monopolist, Therefore It Sets The Price MMT For You and Me A Gold Standard Is Extremely Wasteful Why MMT? A discussion with Warren Mosler   Gold standard thoughts Galbraith/Wray/Mosler submission for February 25 The Mosler Palestinian Development Plan Selected posts from @wbmosler: "Taxation is the intervention that creates unemployment by design for the further purpose of the state being able to hire those it's tax caused to be unemployed.  The JG works to transition the unemployed back to private sector employment and optimize output". "Assuming Gov is fully provisioned, it can 'correct it's mistake' by lo...

Randall Wray : Monetization of Budget Deficits A Meme for Money, Part 1 Rethinking Money as a Public Monopoly by Randall Wray The Neo-Chartalist Approach to Money by Randall Wray Understanding Modern Money – Video by Randall Wray Sectoral Balances - Why The Government Must Run Deficits Fiscal Reform to Benefit State and Local Governments: The Modern Money Theory Approach Modern Money Theory: How I came to MMT and what I include in MMT Modern Money Theory – Part 1 by Randall Wray Answers from the MMTers by Stephanie Kelton and Randall Wray Minsky & Modern Money Theory: Was Minsky a “forefather”? by Randall Wray Public Service Employment: A Path to Full Employment How to Pay for the Green New Deal by Randall Wray IS THE JOB GUARANTEE NECESSARY? Selected posts from Randall Wray: "Currency creation through spending comes first. But how can the treasury spend first, since it needs deposits (at the central bank) to avoid bouncing checks? Central banks are gener...

Bill Mitchell : When two original MMT developers get together to discuss their work The historical beginning of the MMT team For MMT Seize the means of production of currency Bank loans create deposits not the other way around. Reserve balances have nothing to do with this What would happen if a sovereign currency-issuing government runs a fiscal deficit without issuing debt? Lending is capital- not reserve-constrained Any increase in money supply is absorbed by unemployed and unutilized capacit y Flow-of-funds and sectoral balances Sectoral balances – Part 1 Sectoral balances – Part 2 Sectoral balances – Part 3 Fiscal sustainability 101 – Part 1 Deficit spending 101 – Part 1 Buffer stocks and price stability – Part 1 Taxpayers do not fund anything OMF – paranoia for many but a solution for all Deficits are our saving Modern monetary theory and inflation – Part 1 The full employment fiscal deficit condition Governments do not need the savings of the rich, nor their t...

Fadhel Kaboub : Post Colonial Economics - Monetary Sovereignty & External Debt - Prof Fadhel Kaboub MMT and the Job Guarantee in Developing Countries Fadhel Kaboub offers insight to developing countries: China's forced technology transfer is actually a pretty good idea Dr. Fadhel Kaboub - Climate change, Developing Nations, and Hyperinflation in an MMT Lens New Postcolonial Economics with Fadhel Kaboub The case of developing countries from an MMT perspective Fadhel Kaboub: Monetary Sovereignty, Colonialism and Independence Fadhel Kaboub on Real Progressives with Steve Grumbine Fadhel Kaboub - The Quest For Monetary Sovereignty In Africa - Nov 2019 Developing Economies Should Avoid Neoliberal Economics Fadhel Kaboub ELR-led Economic Development The Fiscal Cliff Mythology and the Full Employment Alternative Institutional Adjustment Planning for Full Employment  The Case for a Job Guarantee in the UK - Professor Fadhel Kaboub - 26 April 2018 Eurozone Countries...

Mathew Forstater : The Natural Rate of Interest Is Zero

Stephanie Kelton : Can Taxes and Bonds Finance Government Spending? THE HIERARCHY OF MONEY GUARANTEED JOBS THROUGH A PUBLIC  SERVICE EMPLOYMENT PROGRAM CAN EUROLAND SURVIVE? THE WAR ON POVERTY AFTER 40 YEARS Government really could give everyone a pony — and a chicken and car

Pavlina R. Tcherneva : The Case For A Job Guarantee A Critical Review of SOFT CURRENCY ECONOMICS Monopoly Money: The State as a Price Setter INEQUALITY UPDATE: WHO GAINS WHEN INCOME GROWS? The Social Enterprise Model for a Job Guarantee Program Full Employment Through Social Entrepreneurship Frequently asked questions about Job Guarantee

Scott Fullwiler: Modern Monetary Theory—A Primer on the Operational Realities of the Monetary System THE MACROECONOMIC EFFECTS OF STUDENT DEBT CANCELLATION IT’S TIME TO REIN IN THE FED

Eric Tymoigne: To minimize fluctuations in FFR and keep it around the target, Fed is basically applying a sort of buffer-stock policy on reserves Another Take on the Financial Balances