OPERATIONAL REALITIES OF MODERN MONEY
OPERATIONAL REALITIES OF MODERN MONEY This working paper is an INTRODUCTION to Collected Works of Warren Mosler (www.collectedworksofwarrenmosler.com) RAJENDRA RASU Research Fellow, Global Institute for Sustainable Prosperity ABSTRACT The Purpose of this paper is to demonstrate clearly that every country can realize the optimum productive potential of its real resources with an appropriate monetary system and measures. The Collected Works of Warren Mosler is a compilation of Mosler's work on the operational realities of money and the monetary system, which got the name Modern Monetary Theory (MMT) subsequently. It is collated under various relevant topics, with his simple, penetrating revelations bringing out the truths of profound significance about misused monetary measures and the real economy. Mosler has brought a totally new perspective to the way the economy is understood by revealing how fundamental misunderstandings of the real economy have resulted in deprivation a...