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JohnfrmCleveland profile image

JohnfrmCleveland

John

Joined 23 months ago from Cleveland, OH. Last activity 7 days 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

    4 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

    9 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

    9 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

    9 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

    9 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

    9 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

    9 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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