Alberto Veronese
The String Theory of Money
updated
once one clearly recognizes the difference between real productive capital (non-financial assets) and money (nominal assets, IOU, f.g. a bond or a share of stock) it is only a small step to a clearer understanding of real world economic imperatives.
the world’s poorest countries are at times required by the agencies of the G8 (The IMF, World Bank, European Central Bank, European Commission...) to cut public spending and privatise health-care and other services to secure debt relief.
if the country being considered for debt relief does not stay 'on track', cancellation is delayed or withheld.
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See also...
“The String Theory of Money”, Feb 27, 2016
youtube.com/watch?v=YlvX0kjDB2M
“Money: The Missing Z-axis”, Feb 28, 2016
youtube.com/watch?v=I3UiRzumOLE
“The String Theory of Money”, Feb 13, 2016
Tales of Money, by Alberto Veronese
fistfullfeed.wordpress.com/2016/02/13/the-string-theory-of-money
12th of December 2018 4:00 p.m. University of Fribourg, Faculty of Economics and Social Sciences, Boulevard de Pérolles 90, Fribourg.
Lecture theatre A140 “Growth and Inequality: Policy Issues”
Public conference by Dr. Jonathan David Ostry, Deputy Director, Research Department, International Monetary Fund
Jonathan David Ostry
International Monetary Fund, Research Department
imf.org/external/np/cv/AuthorCV.aspx?AuthID=147
University of Fribourg
https://www.unifr.ch/home/en.html
Prof. Dr. Sergio Rossi, Ph.D.
https://www3.unifr.ch/mapom/en/chair/team/prof.html
Stony Brook University/
“But How Will We Pay for It... an Important Debate is Getting Lost in the Fog“
A presidential lecture prersented at The State University of New York at Stony Book where Stephanie Kelton is a professor of public policy and economics. Oct. 15, 2018
https://www.stonybrook.edu
youtube.com/watch?v=WS9nP-BKa3M
Cutting-Edge Economist Stephanie Kelton Delivers Presidential Lecture, October 22, 2018 (5 min read)
https://news.stonybrook.edu/university/cutting-edge-economist-stephanie-kelton-delivers-presidential-lecture/?spotlight=hero
... ... ...
‘The Federal Government Does Not Need Revenue, David McCann, Nov 2, 2018, cfo.com
http://ww2.cfo.com/the-economy/2018/11/the-federal-government-does-not-need-revenue
Search The Web
MMT, Modern Moetary Theory
The Wild Bunch (1969), by Sam Peckinpah
imdb.com/title/tt0065214
Duck, You Sucker (1971)
“Giù la testa” (original title), by Sergio Leone
imdb.com/title/tt0067140
... .. ...
“The Supplemental Poverty Measure: 2017”
Sep 12, 2018, Report n. p60-265, by Liana Fox
census.gov/content/census/en/library/publications/2018/demo/p60-265.html
“Health Insurance Coverage in the United States: 2017”
Sep 12, 2018, Report n. p60-264, by Edward R. Berchick, Emily Hood, Jessica C. Barnett
census.gov/content/census/en/library/publications/2018/demo/p60-264.html
“The Science of Inequality”, Oct 16, 2018
scientificamerican.com/report/the-science-of-inequality1
related...
“We Need a Bigger Deficit"
by William Vickrey, Working Paper No. 2, Jan 2000
http://www.cfeps.org/pubs/wp-pdf/WP2-Vickery.pdf
“Why so-called deficits are economic necessities”, Oct 22, 2018
Lars P. Syll, PhD in economic history, PhD in economics in 1997.
larspsyll.wordpress.com/2018/10/22/why-so-called%E2%80%8B-deficits%E2%80%8B-are-economic-necessities
William Spencer Vickrey (21 June 1914 – 11 October 1996)
“The ‘deficit’ is not an economic sin but an economic necessity. […]”
“You shall not crucify mankind upon a cross of gold.”
William Jennings Bryan (March 19, 1860 – July 26, 1925)
Debt Conflict/
“European Commission Threatens to Reject Draft Italian Budget”
Spiegel Online, by Markus Becker, October 17, 2018
http://www.spiegel.de/international/germany/european-commission-to-reject-italy-draft-budget-a-1233781.html
Let’s move beyond this rhetorical question... “How Will We Pay For It?” It is time to change our way of thinking about the National Debt...
“How We Think About the Deficit Is Mostly Wrong”
The New YorkTimes, Oct. 5, 2017, by Stephanie Kelton
nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html
“Stephanie Kelton”
youtube.com/watch?v=WS9nP-BKa3M
“The Role of National Parliaments in the EU after Lisbon: Potentialities and Challenges - European Parliament” — “Citizens' Rights and Constitutional Affairs”, March 2017,
http://www.europarl.europa.eu/RegData/etudes/STUD/2017/583126/IPOL_STU(2017)583126_EN.pdf
“Eurozone, The Ridiculous Path”
October 16, 2018 by Bill Mitchell
http://bilbo.economicoutlook.net/blog/?p=40553
Strange enough how hard we try to adapt nature tu us, but even stranger is how strongly we struggle to adapt ourselves to circumstances we keep creating.
Last week IMF release called – “Fiscal Monitor, October 2018”
imf.org/~/media/Files/Publications/fiscal-monitor/2018/October/pdf/fm1802.ashx?la=en
“IMF continues to tread the ridiculous path”, Octn16, 2018
by Bill Mitchell
http://bilbo.economicoutlook.net/blog/?p=40553
amjmed.com/article/S0002-9343(18)30509-6/abstract
Published online: May 10, 2018
© 2018 Elsevier Inc. All rights reserved.
amjmed.com/article/S0002-9343(18)30509-6/fulltext#/article/S0002-9343(18)30509-6/fulltext
Nick Hanauer’s rousing speech on the lies on which neoliberalism is built.
Bonne lecture!
“Homo Economicus’ Must Die” by Nick Hanauer, October 1, 2018.
democracyjournal.org/arguments/homo-economicus-must-die
...when prosperity itself is understood - not as money but as solutions to human problems - every economic act is an explicitly moral choice.
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Poem published in the poetry book “Short Poems for a Temporary Society”, and made into a Cin(E). Original title, VITAM EXHALARE (Et Inde Exhalat Vita).
Also published on,
youtube.com/watch?v=zDqx0blxUDg and available on,
http://www.veronese.ch/books/
thanks
“Johnny Come Lately” (1943), William K. Howard (director), John Van Druten (screenplay), Louis Bromfield (novel) James Cagney, Tom Richards, Grace George, Vinnie McLeod, Marjorie Main (stars)
“Johnny Come Lately” certainly deserves to be better known than it is... youtube.com/watch?v=eQFl4ynM7MQ
“On Biology, Brains, And Human Suffering”
caitlinjohnstone.com/2018/10/11/on-biology-brains-and-human-suffering
PEF Council member Ann Pettifor explains how all governments finance their spending
(and its not from taxation).
Key Economic Facts:
- Governments Finance Themselves.
Ann Pettifor – On Theresa May, Danny DeVito and “OTHER PEOPLE’S MONEY”, October 8th, 2018
progressiveeconomyforum.com/2018/10/08/the-borrowing-bogey-and-mrs-mays-deceptions/#comment-134
... ... ...
Watch also,
“After the War, Clement Richard Attlee”
youtube.com/watch?v=X3EMjoRPh1U
Clement Attlee, Prime Minister of the United Kingdom, “The National Insurance Act 1946 (c 67)”.
From “The Spartacus Educational website”, founder and managing director John Simkin.
spartacus-educational.com/Linsurance1946.htm
(1) Labour Party Manifesto (1945)
What will the Labour Party do? First, the whole of the national resources, in land, material and labour must be fully employed. Secondly, a high and constant purchasing power can be maintained through good wages, social services and insurance, and taxation which bears less heavily on the lower-income groups.
(2) Winston Churchill, election broadcast (1945)
I must tell you that a socialist policy is abhorrent to British ideas on freedom. There is to be one State, to which all are to be obedient in every act of their lives. This State, once in power, will prescribe for everyone: where they are to work, what they are to work at, where they may go and what they may say, what views they are to hold, where their wives are to queue up for the State ration, and what education their children are to receive. A socialist state could not afford to suffer opposition - no socialist system can be established without a political police. They (the Labour government) would have to fall back on some form of Gestapo.
(3) Clement Attlee, As It Happened (1954)
It was clear that there could be no return to past conditions. The old pattern was worn out and it was for us to weave the new. We had not been elected to try to patch up an old system but to make something new. Our policy was not a reformed capitalism but progress towards a democratic socialism
... . ...
“[...] It is the differences in cultures and economic structures that preclude genuine reform. And so it will always be”.
“German citizens firmly against any (even weak) federal reforms to the EMU”, by Bill Mitchell, October 10, 2018.
http://bilbo.economicoutlook.net/blog/?p=40506
... . ...
WHO are the men and women who require us to be long-time servants of “their” money interests.... and get away with blatant lies?
NEVER give up “your” discernment to just become servants of “their” money!
BE AWARE of the IMPLICATIONS of what you're observing
"Perhaps no one is more skilled in the dark art of deficit deception than Representative Paul Ryan."
OP-ED CONTRIBUTOR
“How We Think About the Deficit Is Mostly Wrong”
By Stephanie Kelton, October 5, 2017
nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html
On this Channel "Not Gold But Money", which I initiated early in 2012, you'll discover - something that may completely change how you see society today — and it is thanks to the amazing work of a few human beings whom you might never come across otherwise in your day to day life; enjoy their insight and learn from their reflections.
In addition to the proposed list of vlogs below, you'll find, on this YouTube Channel, 620 more broadcasts — it can't be too unreasonable to expect our politicians who are casting votes on Federal Budget issues on behalf of us (or the news media that informs us about the efforts of our elected policymakers) to comprehend the national accounting practice.
For a comprehensive Index of my multimedia posts, browse my weblog fistfullfeed.wordpress.com — Thoughts and Questions on How Money Influences Our Lives and Vice Versa. Well, once again I thank each one of you for your regard, Alberto Veronese
...
"The String Theory of Money"
"Money: The Missing Z-axis"
"Money Is Not an Act of Saving"
"Father Gold, Mother Money"
"Money, One of the 'Dynamic Forces' that Act in Economy"
"Money Makes You Fly"
"When Man Accepts What He Has Been Told is Money…"
"How Much Money Is Out There?"
"No Central Bank Spends Tax Money"
"The Post-1971 Monetary System"
"Pure Barter Economies Never Existed"
"Taxes Do Not Pay For Anything"
"DNA of an Economy"
"The Illusion of *Gold Certificate*"
"Money Where Are Our Limits?"
"A Sovereign Government Issues Its Own Currency"
"To Be in Debt With Each Other, or Not To Be"
"Modern Money and Public Purpose"
"Currency Issuer vs Currency Users"
"Government Debt = Private Assets"
"Is the National Debt Really 'Debt' at All?"
"Money Is No Object"
... ...
... ...
In 1848, when Switzerland was politically unified, the modern Swiss franc was issued to replace the local currencies (Federal Coinage Act of 1850).
These Swiss coins I found in my wallet, are among the world’s oldest coins still valid today. To date, they have the same design...
Since 2004, this existing pure nickel 20 centime coin of the years 1881–1938 has been withdrawn from circulation because machines cannot detect it. Today, the 20 centime coin is in a copper/nickel alloy.
It is clear that the 'precious' nickel alloy could not has been a standard of value nor could it has been the medium of exchange.
Changes in the coinage do not affect prices — the monetary unit is always distinct from the coinage...
and the price of a commodity (E.g. gold and silver) fluctuates constantly in terms of that unit.
We are so accustomed to paying a multitude of small purchases in coin that we have come to adopt the idea that the right to payment of a debt means the right to payment in coin or its equivalent
— and further, fostered by the laws of legal tender we have been led to the notion that payment in coin means payment in a certain weight of gold.
In all times, at all stages of civilization, the foundation of all societies is the "sanctity of an obligation" — the idea that to 'savages', obligation is unknown and only barter is used, is without foundation.
"To free oneself of an obligation" and not "gold or silver" is the one property which all men seek, the acquisition of which is the aim and object of all commerce.
There is not and there never has been, a law compelling a debtor to pay his debt in gold or silver, or in any other commodity;
Tax-credit alone is money. Monies (credit and debt) have nothing and never have had anything to do with gold and silver.
A "sale", is not the exchange of a commodity for some intermediate commodity called the "medium of exchange," but the exchange of a commodity for a tax credit.
Switzerland is the monopoly supplier of ‘its’ currency — its "tax credit".
...
"What is money?" by A. Mitchell Innes.
The Banking Law Journal, May 1913, pp. 377-408
http://www.newmoneyhub.com/www/money/mitchell-innes/what-is-money.html
...
"Number one, the money is a tax credit".
"Number two the currency is a public monopoly".
"Warren Mosler’s talk in Chianciano", Italy, January 11, 2014
http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html
Kansas City, September 21–24, 2017
http://www.mmtconference.org
The Link To #MMT2017 Live-Streaming -
It will go live as respective events begin...
https://www.umkc.edu/ia/streaming/live-streams.cfm
Full Program for #MMT2017 Conference:
https://www.umkc.edu/ia/streaming/live-streams.http://www.mmtconference.org/wp-content/uploads/2017/05/MMTConfProgram-1.pdf
Incarceration v education, public spending compared...
"Winners and Losers: Corrections and Higher Education in California"
by Prerna Anand, September 5, 2012
http://uscommonsense.org/research/winners-and-losers-corrections-and-higher-education-in-california/?cacs_redirect=True
"Unfulfilled Potential"
Peter Cooper, 9 September 2017
http://heteconomist.com/unfulfilled-potential
Thread on Twitter
"Mommy, where do ponies come from?"
Sep 9, 2017 Stephanie Kelton
mobile.twitter.com/StephanieKelton/status/906614292941852672
"Taxes For Revenue Are Obsolete"
May 25, 2011 by Warren Mosler
http://www.huffingtonpost.com/warren-mosler/taxes-for-revenue-are-obs_b_542134.html
... ...
Stephanie Kelton,
Economist and a professor of Economics at the University of Missouri–Kansas City
Marshall Auerback,
Market practitioner/analyst, Research Associate at the Levy Institute
Understand how we got here and where we might be headed...
http://www.mmtconference.org
"Economics for a New Progressive Era"
Kansas City, September 21–24, 2017
Speakers,
Warren Mosler
Stephanie Kelton
Bill Mitchell
L. Randall Wray
James K. Galbraith
Jan Kregel
Brett Scott
Robert Skidelsky
Zach Carter
Jeff Spross
Search the Web:
Modern Monetary Theory
Written by Robert Riskin, based on a story by Richard Connell and Robert Presnell
with Walter Brennan, Barbara Stanwyck, Edward Arnold...
http://www.imdb.com/title/tt0033891
...
Google The Web
Modern Monetary Theory
"Federal Taxpayers Do Not Fund the Federal Government;
The Federal Government Funds Federal Taxpayers"
Ellis Winningham, Sept. 4th, 2017
http://elliswinningham.net/index.php/2017/09/04/federal-taxpayers-not-fund-federal-government-federal-government-funds-federal-taxpayers
Understand how we got here and where we might be headed...
http://www.mmtconference.org
"Economics for a New Progressive Era"
Kansas City, September 21–24, 2017
Speakers,
Warren Mosler
Stephanie Kelton
Bill Mitchell
L. Randall Wray
James K. Galbraith
Jan Kregel
Brett Scott
Robert Skidelsky
Zach Carter
Jeff Spross
August 11, 2017, Eurostat
"Young people in the EU: education and employment"
http://ec.europa.eu/eurostat/web/products-eurostat-news/-/EDN-20170811-1
Europe – the deliberate wastage of its youth continues
August 22, 2017 by Bill Mitchell
http://bilbo.economicoutlook.net/blog/?p=36695
Google The Web:
Modern Money Theory
"... It’s no conspiracy. It is just business and the wealthy using their influence to make government see things their way, just like you do when you vote. Your vote is influence. The only difference here being that for business and the wealthy, their money is more influential to politicians than your vote." Ellis Winningham
In short, we simply choose to maintain poverty
"If You Can Deliberately Restrain Federal Spending, You Can Deliberately Expand It" Ellis Winningham, July 29, 2017
http://elliswinningham.net/index.php/2017/07/29/can-deliberately-restrain-federal-spending-can-deliberately-expand
Federal spending continues to flow into few wealthy pockets...
Rich and powerful oligarchs are above the law. We all know this, but Washington D.C. refuses to do anything about.
"The Right To Be Lazy", 1883
by Paul Lafargue (15 Jan 1842 – 25 Nov 1911)
"Let us be lazy in everything, except in loving and drinking, except in being lazy."
Lessing (22 Jan 1729 – 15 Feb 1781)
"O Meliboee, deus nobis haec otia fecit."
Virgil, Eclogue 1.6-36
https://www.amazon.de/gp/aw/d/B071V2MGFP/ref=mp_s_a_1_2?__mk_de_DE
Die Ausgaben der Bundesregierung sind auf operativer ebene keineswegs an einnahmen gebunden, das bedeutet, es gibt kein "Ausfallrisiko". Mit anderen Worten, die Bundesregierung kann in ihrer eigenen Währung immer sämtliche Zahlungen leisten, ganz gleich wie gross das Defizit ist oder wie wenige Steuern sie einnimmt.
Deutsche Bundesbank, “How Money is Created.”
http://www.bundesbank.de/Redaktion/EN/Topics/2017/2017_04_25_how_money_is_created.html
Wynne Godley, 8 October 1992
...
1950 Schuman Declaration
1952 Treaty of Paris
1958 Treaty of Rome
1967 The Merger Treaty (or Brussels Treaty[1])
1987 Single European Act (SEA)
1993 Maastricht Treaty
1999 Amsterdam Treaty
2003 Treaty of Nice
2009 Treaty of Lisbon
"The Role of Banks, Non-banks and the central bank in the money-creation process"
"Die Rolle von Banken, Nichtbanken und Zentralbank im Geldschöpfungsprozess" Deutsche Bundesbank, Monthly Report April 2017
http://www.bundesbank.de/Redaktion/DE/Downloads/Veroeffentlichungen/Monatsberichtsaufsaetze/2017/2017_04_geldschoepfungsprozess.pdf
http://www.bundesbank.de/Redaktion/DE/Themen/2017/2017_04_25_monatsbericht_geldschoepfung.html
...
See Also:
"Bank Of England: Money is NO Object"
youtube.com/watch?v=mV_ljBJU1aw
...
"Deutsche Bundesbank exposes the lies of mainstream monetary theory"
Bill Mitchell, April 26, 2017 by bill
http://bilbo.economicoutlook.net/blog/?p=35859
----
Das widerlegt einen weitverbreiteten Irrtum, wonach die Bank im Augenblick der Kreditvergabe nur als Intermediär auftritt, also Kredite lediglich mit Mitteln vergeben kann, die sie zuvor als Einlage von anderen Kunden erhalten hat.
Ebenso sind vorhandene überschüssige Zentralbankguthaben keine notwendige Voraussetzung für die Kreditvergabe (und die Geldschöpfung) einer Bank.
Geldschöpfung erfolgt zunächst unabhängig von bestehenden Zentralbank-guthaben der Banken … Geldschöpfung zeigt im Besonderen, dass die Kreditvergabe grundsätzlich ohne vorherige Zu üsse von Kundeneinlagen statt finden kann.
edited excerpts from,
ABC's "The Winds of War" TV Mini-Series (1983)
Produced and Directed by Dan Curtis
Based on Herman Wouk's War Novel
Episode Nr. 5 / "Of Love and War"
Series Cast; Robert Mitchum, Ali MacGraw, Jan-Michael Vincent...
Ralph Bellamy, Jeremy Kemp...
http://www.imdb.com/title/tt0085112
U.S. President Franklin Roosevelt
Press Conference, December 17, 1940
http://www.presidency.ucsb.edu/ws/?pid=15913
F. D. Roosevelt - Eliminating The Dollar Sign (1941)
youtube.com/watch?v=1E5hYWVNPh4
...
Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Chicago Tribune March 15, 1949
http://archives.chicagotribune.com/1949/03/15/page/14/article/the-coal-miners-monopoly
"Donald Trump doesn't understand the art of the NATO deal"
Richard C. Longworth, Ghicago Tribune, July 22, 2016
http://www.chicagotribune.com/news/opinion/commentary/ct-nato-trump-europe-russia-deal-perspec-0726-md-20160722-story.html
President Roosevelt signed the Lend-Lease bill into law on 11 March 1941. In April, this policy was extended to China and in October to the Soviet Union.
U.S. President Franklin Roosevelt
Press Conference, December 17, 1940
http://www.presidency.ucsb.edu/ws/?pid=15913
Excerpts from/
"Running Government Like a Business is Bad for Citizens"
Michael Hudson, The Real News Network, April 7, 2017
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=18787
Excerpt from/
“Where’s the Money Coming From?” by Stuart Chase, 1943, p. 1-3
babel.hathitrust.org/cgi/pt?id=uc1.$b96341;view=1up;seq=17
"Where's the money coming from? Problems of postwar finance; guide lines to America's future as reported to the Twentieth Century Fund", by Stuart Chase (1888-1985).
New York, The Twentieth Century Fund, 1943
babel.hathitrust.org/cgi/pt?id=uc1.$b96341
... ... ...
"The belief that gov't must "get it's money from somewhere" is both incorrect and politically destructive."
Jeff Spross - @jeffspross
"No one asks where $ will come from when military wants to drop bombs. Is anyone asking where Trump will get $ to bomb Syria? They just do it"
Scott Fullwiler - @stf18
"... better to admit that money is no object and get on with caring for people than to futz around debating "optimal payfors" as ppl suffer."
Stephanie Kelton - @StephanieKelton
"Pretending that kids must go hungry unless and until we can raise some tax is cruel and unnecessary. The left better figure this out."
Stephanie Kelton - @StephanieKelton
"... if we broaden the definition of national security to include health of our people, planet, etc. we can "find the money" as in wartime."
Stephanie Kelton - @StephanieKelton
http://www.personal.kent.edu/~rmuhamma/Philosophy/RBwritings/outIntellectRubbish.htm
"Jack Ma: America has wasted its wealth"
Stéphanie Thomson, World Economic Forum, 18 January 2017
weforum.org/agenda/2017/01/jack-ma-america-has-wasted-its-wealth
- Jack Ma, Executive Chairman, Alibaba Group, People's Republic of China
“In the past 30 years, America has had 13 wars at a cost of $14.2 trillion. That’s where the money went.”
“What if they had spent part of that money on building up their infrastructure, helping white-collar and blue-collar workers? You’re supposed to spend money on your own people.”
"These 3 trends will define your future, says Jack Ma"
Ross Chainey, World Economic Forum, 19 January 2017
weforum.org/agenda/2017/01/jack-ma-three-trends-define-future
“The next 30 years are critical for the world... The most important thing is to make the technology inclusive. Next, pay attention to those people who are 30 years old, because those are the internet generation. They will change the world, they are the builders of the world... Third, let’s pay attention to the companies who have fewer than 30 employees... So, 30 years, and 30 years old, and 30 employees, that way we can make the world much better.” - Jack Ma
...
Please note that obviously I do not own the copyright, nor do I have a license to distribute -- such material is used for educational purposes only; a "fare use" to provide understanding or give information for issues concerning us all.
Ellis Winningham - Bits of Reality, February 15, 2017
www.elliswinningham.net
http://elliswinningham.net/index.php/2017/02/15/bits-of-reality
...
"Reality Sucks" - Artwork by DAN TAGUE
Money Talks: Amazing Dollar Bill Art of Dan Tague
http://twistedsifter.com/2011/07/money-talks-amazing-dollar-bill-art-of-dan-tague-21-pics
...
Google The Web:
Modern Monetary Theory (MMT)
Andrea Terzi in conversation with Marshall Auerback
https://www.socialeurope.eu/2014/10/fixing-eurozone-architecture/
full video at: New Economic Thinking
youtube.com/watch?v=xWgqZ3qyjSY
youtube.com/user/INETeconomics
...
"Plein emploi en Europe, avec ou sans l’euro ?"
Centre de recherche en économie de Grenoble (CREG)
Workshop international - du 15 mai 2014 au 16 mai 2014
http://creg.univ-grenoble-alpes.fr/
"When Good Intentions Pave the Road to Hell: Monetization Fears and Europe’s Narrowing Options"
Andrea Terzi, Working Paper No. 810 | June 2014
Levy Economics Institute of Bard College
http://www.levyinstitute.org/publications/when-good-intentions-pave-the-road-to-hell-monetization-fears-and-europes-narrowing-options
“Is the 'Six Pack' the Knockout Punch for Europe?”
Marshall Auerback, INET, New York, USA
ineteconomics.org
Organisation of African Unity (OAU), Addis Ababa, July 1987.
Three Months Later Thomas Sankara Was Assassinated
Thomas Sankara
21 December 1949 – 15 October 1987
the most insupportable kind of poverty
is to be poor in the midst of riches
genus egestatis gravissimum in divitiis inopes est
Seneca (ep. 74,4)
...
"Greece still should exit and escape the grip of the vandals"
Bill Mitchell – February 8, 2017
http://bilbo.economicoutlook.net/blog/?p=35320
...
...
[PDF] - On January 1, 1999, eleven nations in Europe plan to begin a process of replacing their national currencies with the Euro.....
European Monetary Union - Federal Reserve Bank of Boston
bostonfed.org/-/media/Documents/neer/neer298a.pdf
Economic Priorities for the Next Administration
The Modern Money Network, Friday December 2, 2016
Participants:
Amar Reganti, Strategist Grantham, Mayo, Van Otterloo & Co. LLC
Stephanie Kelton, Professor of Economics University of Missouri-Kansas City
Watch the entire talk here:
http://www.modernmoneynetwork.org/?q=symposia/can-we-afford-it
youtube.com/watch?v=EyBhU19pD3k
- The relationship between federal government taxes and outlays
- The function of the market for U.S. Treasuries and the meaning of “national debt”
- The legal constraints of the U.S debt ceiling
- The relationships between government spending, the “money supply”, and inflation
- The status of the U.S. dollar as a global reserve currency
Hosted by Jon Favreau, Jon Lovett, Dan Pfeiffer and Tommy Vietor.
getcrookedmedia.com
The "Pod Save America" team sits down with President Obama for his last interview as President.
...
"Barack Obama On The Trillion-Dollar Platinum Coin"
http://www.concertedaction.com/2017/01/19/barack-obama-on-the-trillion-dollar-platinum-coin
Of course the President was misinformed because the coin needn’t be “massive”...
Google The Web:
Trillion dollar coin
17-20 January 2017 Davos-Klosters, Switzerland
"How can Europe overcome its divisions and forge a common path forward?" 19 January, 2017
Speakers: Mark Rutte, Frans Timmermans, Maurice Lévy, Ana Botín, Martin Schulz
weforum.org/events/world-economic-forum-annual-meeting-2017/sessions/which-europe-now#
Modern Monetary Theory (MMT)
Bill Mitchell, Professor of Economics
www.bilbo.economicoutlook.net/blog
Twitter: @billy_blog
"In September 2017, the MMT University will be launched and open for enrolments." Bill Mitchell, January 2017
http://www.mmtuniversity.org
how can we expect to respond effectively to our monetary system if we don’t have the audacity and willingness to understand it?
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also look for,
"Is the National Debt Really "Debt" at All?"
fistfullfeed.wordpress.com/2016/11/20/is-the-national-debt-really-debt-at-all
"The String Theory of Money"
fistfullfeed.wordpress.com/2016/02/13/the-string-theory-of-money
"Money: The Missing Z-axis"
youtube.com/watch?v=I3UiRzumOLE
"Money Is Not an Act of Saving"
fistfullfeed.wordpress.com/2015/12/30/money-is-not-an-act-of-saving
"Father Gold, Mother Money"
fistfullfeed.wordpress.com/2012/12/23/father-gold_mother-money
"Money, One of the “Dynamic Forces” that Act in Economy"
fistfullfeed.wordpress.com/2013/03/08/money-makes-you-fly
"When Man Accepts What He Has Been Told is Money…"
fistfullfeed.wordpress.com/2013/05/04/when-man-accepts-what-he-has-been-told-is-money
"How Much Money Is Out There?"
youtube.com/watch?v=ceVpdpfVQ3Y
"Government Debt = Private Assets"
youtube.com/watch?v=0yNXmV8HoZw
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It is necessary to have a clear understanding how money is created (and how it is managed by any power whatever), if one does not want to find oneself in a problem entanglement in which “equal” things are perceived and compared as different with each other, whereby in reality they are the same.
We are the government and the government is us. Though, we might take into account the possibility that we all have so far universally failed the mirror test…
"Is the National Debt Really 'Debt' at All ?"
by Alberto Veronese, July 7, 2016
fistfullfeed.wordpress.com/2016/11/20/is-the-national-debt-really-debt-at-all
Once one clearly recognizes the difference between real productive capital (non-financial assets) and money, it is only a small step to a clearer understanding of real world economic imperatives.
Money does not change hands as commodities are – the natural number for money is zero.
Money exists only as the "price" of “something” produced at a given "time"; and it is always expressed in its "government’s currency".
also look for…
"The String Theory of Money"
fistfullfeed.wordpress.com/2016/02/13/the-string-theory-of-money
"Money: The Missing Z-axis"
youtube.com/watch?v=I3UiRzumOLE
"Money Is Not an Act of Saving"
fistfullfeed.wordpress.com/2015/12/30/money-is-not-an-act-of-saving
"Father Gold, Mother Money"
fistfullfeed.wordpress.com/2012/12/23/father-gold_mother-money
"Money, One of the “Dynamic Forces” that Act in Economy"
fistfullfeed.wordpress.com/2013/03/08/money-makes-you-fly
"When Man Accepts What He Has Been Told is Money…"
fistfullfeed.wordpress.com/2013/05/04/when-man-accepts-what-he-has-been-told-is-money
"How Much Money Is Out There?"
youtube.com/watch?v=ceVpdpfVQ3Y
"Government Debt = Private Assets"
youtube.com/watch?v=0yNXmV8HoZw
...
"NO, NO, NO!", by Gerald W. McEntee
The Public Sector, August 10th, 1987
Official Publication of The Civil Employees Association
https://library.albany.edu/speccoll/findaids/eresources/csea/The-Public-Sector_1987-08-10.pdf
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Full Video:
"President Reagan's Address on America's Economic Bill of Rights" July 3, 1987
youtube.com/watch?v=O4dBgimr3tk
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Spending by the federal government always creates new money in the system, while taxation destroys it.
"Modern Monetary Theory – An Introduction: Part 1"
by Dale Pierce, April 22, 2013
http://neweconomicperspectives.org/2013/04/modern-monetary-theory-overview-part-1.html
"Modern Monetary Theory – An Introduction: Part 2"
by Dale Pierce, April 23, 2013
http://neweconomicperspectives.org/2013/04/modern-monetary-theory-overview-part-2.html
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"Why Money Matters"
by L. Randall Wray, August 9, 2014
http://www.nakedcapitalism.com/2014/08/randy-wray-money-matters.html