The first published book describing how our modern economy works was published in 1993. The title is Soft Currency Economics: What Everyone Thinks That They Know About Monetary Policy is Wrong. The author is Warren Mosler. Who is Warren Mosler? Warren Mosler is identified as an Economist, when it seems that's true now in retrospect. … Continue reading Who Figured Out MMT? When? How?
A few weeks ago I was discussing the nature of money and the economy with someone who seemed to fundamentally disagree with some basic tenants of how modern money works. He asked me to read a book titled "What Has Government Done to Our Money?" to help me understand where I was going wrong. I … Continue reading What Has Government Done to Our Money?
What is a Modern Economy? There are A LOT of people who do not understand how modern economies work. Most members of Congress don't. We the people, and our elected officials are discussing the economy in terms that are not real, not accurate. Our political leaders are implementing laws that are economically harmful. This blog … Continue reading The Basics of How Modern Economies Work