JohnfrmCleveland profile image79

John (JohnfrmCleveland)

Joined 11 years ago from Cleveland, OH

  • 7
    Articles
  • 14
    Followers
  • 4
    Following
  • Fiat Currency vs. the Gold Standard
    205

    Fiat Currency vs. the Gold Standard

    10 years 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.

  • 5

    Fiat Currency Economics: A Primer on Modern Monetary Theory

    17 months ago

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

  • 90

    Budget Surpluses Hurt the Economy

    3 years 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 if America tried to pay down the national debt by buying back bonds, and what...

  • QE3 and Mortgage-Backed Securities - Bernanke's Latest Folly
    8

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

    10 years 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 securities (MBS), I go into some detail about MBS's, the process of bundling...

  • Why Quantitative Easing Didn't Work
    2

    Why Quantitative Easing Didn't Work

    10 years 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 Modern Monetary Theory.

  • Why Interest Rates Aren't Going Up
    5

    Why Interest Rates Aren't Going Up

    10 years 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 loanable funds market.

  • The U.S.
    593

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

    10 years 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 attempts to explain the mechanics of money creation, as well as distinguish dollars from...

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