src So basically all of the times that MMT was applied in real economics it gave structural implications, see japan's case for example. MMT when applied to "free markets" and democracies have

Introduction In the realm of economic thought, few schools have been as misunderstood and simultaneously influential as the Austrian School of Economics. Recently invited to write a reflection on Friedrich

Sigh... I guess I should get this out of the way fast at the start. Not that it would stop any of the glib "print money free pass" sort of comments... but I may as well try. All through my life,

I've been a bit intrigued about Modern Monetary Theory for a little bit... in the cryptocurrency sphere, it is quite maligned... as it seems to indicate that governments (or at least the sovereign issuer

The Japanese public debt is estimated to be approximately 9.8 trillion US Dollars (1.29 quadrillion yen), or 263% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank

(Its fun to make memes) So, we are seeing lots of economists putting this heteredox neokeynesian vertent in practice, FED, BCE, Japan... While results conditions diverges, the argument is that money is

I was just scrolling around economics on web trying to find good stuff to read, and dammm just came across the Gregory Mankiw blog... Well, for who doesn't know, he's a Harvard professor, he wrote and

Ahnungsloser Finanzminister

Habt euch lieb, es ist schließlich Weihnachten

A great little primer from the WSJ on inflation, its causes, its cure, and how it is a hidden tax on the poor. For those young people who don't know, Milton Friedman was an emminent economist. He provided

If you think it can't happen here in the USA, you may be in for an ugly surprise. The best bull case for BTC is alive and well. Turkey is an extreme example because the country is run by a leader with

Geldzauberei

Here's a brief explanation of what Modern Monetary Theory is all about if you haven't heard of it. The idea of doing away with taxation sounds great until you realize that without a government in place,

Image Source Introduction I have heard this term being mentioned in conversations among some economists. I've been reading up on it a bit. The approach this umbrella term refers to seems to describe what

Hey JessMMT'rs As A Bitcoiner, I tend to lean towards the Austrian school of economics, and the idea of the welfare state and money printing, tax and inflation get to me. The fact that I do not get rewarded

If you thought that 2020 was heavy in quantitative easing, we haven't seen anything yet. Next year is shaping up to require even more money from central banks around the world, making 2020 looks rather

I keep insisting that the battle we have from the cryptographic world is against radical centralization. This can even evolve into a single full domain under the economic reset scheme. We are seeing many

Deflation is not a term that is used very often, but it is a scenario that we must consider and analyze carefully if we want to understand whether current policies are the correct ones to cope with the