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JohnfrmCleveland profile image

JohnfrmCleveland

John

Joined 24 months ago from Cleveland, OH. Last activity 5 weeks ago.

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My name is John, and I am an attorney (divorce).  But my obsession for the past two years has been economics, when I was introduced to Modern Monetary Theory on a debate board.  Now, I'm just trying to be another voice attempting to make people understand that America is not in debt, and (hopefully) convincing them to vote accordingly. 

My Content: Hubs, Answers, and Forums

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  • Politics and Social Issues (7)
  • 203

    Fiat Currency vs. the Gold Standard

    5 months ago

    This article uses the principles of Modern Monetary Theory (MMT) to explain the mechanics of money creation and debt in the context of both gold-backed and fiat currencies.

  • 3

    Fiat Currency Economics – A Primer on Modern Monetary Theory

    10 months ago

    This article will attempt to explain the general workings of America's fiat economy, concentrating on the monetary accounting. These explanations follow the principles of Modern Monetary Theory.

  • 88

    Budget Surpluses Hurt the Economy

    10 months ago

    This article uses the principles of Modern Monetary Theory to explain the fate of dollars when the federal budget is in surplus. I touch upon economic contraction, removal of dollars from the economy, what would happen...

  • 8

    QE3 and Mortgage-Backed Securities - Bernanke's Latest Folly

    10 months ago

    This article uses the principles of Modern Monetary Theory to examine the uselessness of quantitative easing - specifically QE3, which has been announced recently. As QE3 will be aimed specifically at mortgage-backed...

  • 2

    Why Quantitative Easing Didn't Work

    10 months ago

    This article explains the mechanics of quantitative easing, specifically QE1 and QE2. I also discuss the conventional thinking behind QE in general, and why it is incorrect. My reasoning follows the principles of...

  • 5

    Why Interest Rates Aren't Going Up

    10 months ago

    This article follows the principles of Modern Monetary Theory to explain how the government controls interest rates through the sale of t-bills. I also touch upon a bit of reserve banking and the fallacy of the...

  • 587

    The U.S. "National Debt" explained, MMT-style

    10 months ago

    The idea that the U.S. government is in debt is a widespread misconception. The "national debt" is not a measure of debt, but rather a measure of saved dollars held by the private sector. This article...

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