It could be that with the election of Alexandra Ocasio-Cortez to congress, MMT's star will rise with hers as she is reportedly an adherent and possibly views MMT as a means to fund her Green New Deal.
As we see below, MMT has been around for some time, having come out of the Chartalism school in the first half of the 1900's and was made into MMT in the early 90's by Warren Mosler, apparently after a "Long steam" with Donny Rumsfeld, who then referred him to Art Laffer.
To the casual onlooker, MMT may sound a lot like standard-issue Keynesianism, the idea that the Government can and should run deficits to smooth out the business cycle.
At its core, Modern Monetary Theory is an argument that would be wonderfully familiar to every sovereign since the invention of debt.
MMT says debt can expand perpetually and inflation will not occur provided it doesn't expand faster than the value in the private economy and any excess liquidity is drained off via taxation.
Under MMT there is no more pretence that the currency has any intrinsic value - it's an economic scorecard and nothing more.
Company released an 8k stating Warren Mosler, the economist,hedge fund founder, engineer, professional automotive designer, and politician had tacken a controlling interest in the Company. Reger owns 51.9% (63.7 million) of the shares as of the last 10K, maybe they'll get retired. Mosler a long time investor in the company, owns 28% (33 million shares). Posted by WARREN MOSLER on December 10, 2012 in Banking, Currencies 102 Comments. Been looking at Bitcoins for a while and seems it’s not a currency but a payments system. For example, a acquaintance of mine who wanted to buy an item arranged with the seller to do it via Bitcoins to ‘save’ on vat taxes. Say the Bitcoin happened to be valued at $12, the buyer wanted to pay $120 dollars ... If Bitcoin collapses, the risk of a mass exit from pegged coins is greater, so it’s in the interest of the pegged coin owner to do “whatever it takes” to support not only the peg but also the bitcoin price. They can do that by printing more of their coin and using it to buy Bitcoin. It also works if they do it on a crypto-to-crypto exchange — good idea to have one as part of the ... The Gower Initiative for Modern Money Studies has Warren Mosler’s talk The Good Dream is Factual MMT. I don’t like to say that taxes don’t fund spending. The word fund is ambiguous. It’s better to say the government doesn’t need your money to be able to spend. But they need you not to have it so that they can spend. Yeah, Warren Mosler is not the person to ask when you want to find out why something has or does not have value. level 2. bilotrace. 2 points · 7 years ago · edited 7 years ago. These dinosaurs know a lot about the old financial systems. But don't worry, their days are numbered. They will be recorded in the history books and they will be remembered :) level 2 [deleted] 2 points · 7 years ...
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Learn how to invest with real Macro Economic Understanding. Subscribe to me on Patreon and get more in-depth learning, up to date market coverage, Charting analysis, investing know how and ... Learn how to invest with real Macro Economic Understanding. Subscribe to me on Patreon and get more in-depth learning, up to date market coverage, Charting analysis, investing know how and ... Learn how to invest with real Macro Economic Understanding. Subscribe to me on Patreon and get more in-depth learning, up to date market coverage, Charting analysis, investing know how and ... The 4 Most Important Words In Crypto (And Why Bitcoin Has Value) - Duration: 14:45. ... The Good Dream is Factual MMT Warren Mosler - Duration: 56:04. Michabo Sustainable Harmony 7,064 views. 56 ... On January 24-25, 2019 the Center of Mathematical Sciences hosted a conference on distributed-ledger (blockchain) technology. The conference was intended to cover a broad range of topics, from ...