Introduction Recently I watched two episodes of the progressive Thom Hartmann Program in which the host discussed banking and Modern Monetary Theory (MMT) with the Marxist economist Richard Wolff [1, 2]. Following are the pertinent points I came away with, which developed into a little article, in which I will try to make the case … Continue reading “Richard Wolff’s Trajectory beyond MMT into SMR”
Tag: Economics
On Money: Postal Financial Services
The social democratic wing of the US Democratic Party is floating two important proposals: 1) provide financial services through the wide network of postal offices to the so-called ‘unbanked and underbanked’ population; and 2) cap interest rates at 15% [6]. Both proposals have connections with monetary reform. The Kucinich NEED Act caps interest rates … Continue reading “On Money: Postal Financial Services”
Dutch Report on Money and Debt and its Reception by Ons Geld
On January 17, 2019, a research institute of the Dutch government, The Netherlands Scientific Council for Government Policy (WRR), offered its report on banking and money-creation to the Dutch government [1]. The report was commissioned by the government after a motion in the Dutch parliament in March 2016 during a debate, which itself was triggered … Continue reading “Dutch Report on Money and Debt and its Reception by Ons Geld”
Ons Geld and the Road to the WRR Report
Ons Geld (Our Money) is a Dutch foundation promoting sovereign monetary reform. Its motto is “Money Creation for the General Welfare” and proposes four changes to the current, dysfunctional money system, which proposal is basically the same as what for example The American Monetary Institute [1] and The Alliance for Just Money [2] propose in the … Continue reading “Ons Geld and the Road to the WRR Report”
Human Causes of the Economic Crisis and Spiritual Solutions
A Seeker Speaks / Thursday, November 27, 2008 / Steve Larsen In recent months, we have seen unprecedented upheavals the US as well as the global economy. Big banks have fallen, as have insurance companies and brokerage companies followed by huge losses in the stock market. It is estimated US citizens have lost over a … Continue reading “Human Causes of the Economic Crisis and Spiritual Solutions”
Introduction to the Problem with Modern Monetary Theory (MMT)
By Govert Schuller. The Modern Monetary Theory (MMT) school is perceived sometimes as representing the ideas of the New Currency Theory (NCT) school so named by the eminent German economic sociologist and monetary reform theorist Joseph Huber. Huber, though admitting overlaps between the two theories, thinks the actual differences have profound consequences both at the theoretical … Continue reading “Introduction to the Problem with Modern Monetary Theory (MMT)”
Labor Day and Monetary Reform
Labor Day might be the appropriate day to confirm the establishment of an activist organization promoting economic and social justice by reforming the US monetary system. Its name is the Alliance for Just Money. The goal is to bring the money system back under sovereign, constitutional control away from the commercial banks which have abused their … Continue reading “Labor Day and Monetary Reform”
Modeling the Financial-Economic System and how to make it Sustainable
Two economic researchers, van Egmond and de Vries, at the Sustainable Finance Lab (University of Utrecht, the Netherlands) developed a dynamics model in which the financial system is explicitly included. Their working paper is titled “Dynamics of a Sustainable Financial-Economic System”[1] and it also addresses a sovereign monetary system. After Yamaguchi in 2010 [2] and … Continue reading “Modeling the Financial-Economic System and how to make it Sustainable”
A vote to upend banking as we know it?
By Howard Switzer. For a decade the nascent monetary reform movement has been educating people about what money is, how it is created, its consequences and solutions. In a June 1st article by Brian Blackstone titled “A Vote to Upend Banking as We Know It,’ [1] the Wall Street Journal recognized monetary reform, taking it … Continue reading “A vote to upend banking as we know it?”
Bibliography Monetary Theory and Reform
Main Categories: A. Proposed Legislations and Organizational Endorsements B. Academic Studies on Sovereign Monetary Theory and Reform C. Studies Critical of Sovereign Monetary Theory and Reform (including MMT section) D. Non-academic Advocacy Pamphlets, Reports, Briefings and Books E. Supporting Studies Addressing Monetary Issues F. Journalistic Articles Addressing Monetary Reform G. Educational and Promotional Videos H. … Continue reading “Bibliography Monetary Theory and Reform”