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TOWARDS A PURE STATE THEORY OF MONEY, PROLOGUE: A NOTE ON KNAPP & INNES
Neo-chartalists rightly look to Georg Friedrich Knapp and Alfred Mitchell-Innes as brilliant forefathers of a state and credit theory of money. However, Knapp and Innes* of course wrote in a different...
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TOWARDS A PURE STATE THEORY OF MONEY
[Prologue to this post] MODERN MONETARY THEORY (MMT) notes correctly that money is a creature of the state, and that important macroeconomic and policy conclusions follow from this understanding, e.g.,...
View ArticleWhy lately I write more on sane economics (MMT, MCT) than good urbanism & the...
I have mainly focused in recent months on MMT (Modern Monetary Theory) & MCT (Monetary Circuit Theory, also see here, esp. credit-money & stability), not the other things mentioned in this...
View ArticleThe Banking System We Need
As the crisis of 2007 demonstrated, the banking system in its current form does not optimally serve the public interest. To make the system work in the best interest of the nation as a whole, I would...
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