Kanishka NaikThe medium of exchange is one core function of money. It matters because trade depends on acceptance and liquidity.
Don Curren 🇨🇦🇺🇦“It is a bizarre, dangerous and self-wounding approach that cannot help the #US or its #monetarysystem” #Fed #FederalReserve #JeromePowell #USeconomy
www.bloomberg.com/opinion/news...
Prosecuting Powell Would Be a ...
Prosecuting Powell Would Be a ...
“One might think that #centralbanks would jump at the opportunity finally to create a #monetarysystem that serves the people rather than the #banks. But most central banks have tiptoed around the issue.” www.project-syndicate.org/commentary/c...
Creative Destruction Should No...
Creative Destruction Should No...
Toni Aittoniemi“If your model can’t reproduce the great depression, it’s not a model of the capitalist economy”
Whether you like all of Prof. Steve Keen’s opinions or not, you have to listen to his economy theory.
We keep missing coming economic crises because the neoclassical models are completely wrong, especially about debt.
https://www.youtube.com/watch?v=9TDSGSg6rr4
#economy #models #stevekeen #economiccrash #debt #instability #monetarysystem #capitalism
"People are Sensing a System Breakdown" - Steve Keen
Eric Maugendre about carbonPitchFork Economics: "Today, each dollar in circulation generates up to 70% less economic activity than it did just ten years ago."
Ann Pettifor: "Where does money come from? Money comes from individuals applying for loans in the first instance; or money originates as credit."
Ann Pettifor: "Money is created by you and me. And we need a bank to help us do that."
#credit #confidence #moneyCreation #activity #business #growth #MMT #banking #monetarySystem #money
Thomas SchmallThis video-interview has a great run-down on how money developed throughout history - and especially the last 15 years, where you can create and send money in milliseconds. And what that might mean for the future.
I've got skeptical about the "inflation will come because of debt" stories, because I've heard them since the 90s. But this guest (Lyn Alden) gives some convincing arguments.
https://www.youtube.com/watch?v=DnpczZRBeE0
#Money #Inflation #Fiat #MonetarySystem #LynAlden #Bitcoin #Crypto #MMT #Investing
The 1940s vs 2020s: Debt Levels, Monetary Policy, and Cryptos as Global Currencies | Lyn Alden
Steam Deck Fork YouSo what's Mastodon's selling point?
#Decentralization. #Bitcoiners can easily be a #TargetDemographic in this promotion.
Their #MonetarySystem is #Decentralized and this service is #decentralized, not in the same way Bitcoin is but still.
#Matrix is similar to #Bitcoin in the way it is decentralized due to every node having the exact same data.
On Mastodon we have different data depending on what user joins which instance.
Pleroma Waotzi
DTCochraneCanada’s reserve-less #MonetarySystem offers a more simple introduction to understanding #ModernMoney / #CreditMoney
Dick Smiths Fair Go SupportersPutin just labelled the #monetarySystem out of the #USA as a "#printingPress".
An Oof… to some.
One of our favourite books from the decade has to be '#GrowingForBroke' (2016) by the late #PeterNorth. It described how the obsession with #GDPGrowth was not only wrecking havok on #Australia's #environment and globally but also set to destroy our #economy.
We talked about it extensively, but the #growthObsession only took a breather during #COVID.