Triple-column Comparison between Modern Monetary Theory (MMT), the Actual Monetary System, and Sovereign Money Reform (SMR)
A while ago I found a very useful double-column comparison of the concept of the monetary system in Modern Monetary Theory (MMT) and how the monetary system actually functions. The
Requesting Evidence for a Crucial MMT Claim
The weight of evidence for an extraordinary claim must be proportioned to its strangeness. – Pierre-Simon Laplace A strange and extraordinary claim is currently doing the rounds in the halls of power and academia.
Monetary Reform and the Next Pandemic
By Mark Pash True monetary reform–where we issue money without borrowing and paying interest that we are now doing under the current private banking system–will produce additional money supply into
The People Want Their Money Back, Part 2: Shifting the Tide of Our Monetary Understanding – A Resolve
By Joe BongiovanniAFJM Legislative Action CommitteeMarch 2020 At the very start of the discussion about AFJM Resolution One, On the Establishment of a National Commission of Inquiry into the Monetary
The People Want Their Money Back, Part 1: WHY a National Monetary Commission?
By Joe BongiovanniAFJM Legislative Action CommitteeMarch 2020 Over the years, many have questioned the necessity of establishing a Congressionally-mandated ‘Commission’ to inquire into the national money system with the goal
“Dominant Money” by Joseph Huber: A Review and Commentary by John Howell
Introduction. “Dominant Money” is a descriptive paper, not a prescriptive paper. In it the monetary theorist and activist Dr. Joseph Huber describes the change he sees currently taking place in
Greenbacks Not Bailouts Cure for National Emergency
The largest concern of our leaders today is not COVID-19, but rather the trade losses of investors Our economic system is not designed to assist the public in the event
MR and RCT: Can We Design a Monetary Reform Experiment on a Sub-National Scale?
Abhijit Banerjee, Esther Duflo and Michael Kremer just received the 2019 Nobel Price in Economics. Banerjee and Duflo are husband and wife working at MIT and Kremer is at Harvard,
A Parable: On Money – On Counting Money – On Money Accounting – On Capitalism
Deep History and Background. It was sometime in the late ‘60s when my Dad was visiting his Long Island manufacturing plant where I was working on the production line as
On Money: The Libra versus Sovereignty
A US-based progressive monthly, The Nation, just published an article about the Libra by MMT enthusiast Rohan Grey, titled: “Facebook Wants Its Own Currency. That Should Scare Us All. Instead
