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JohnfrmCleveland profile image

John (JohnfrmCleveland)

Joined 5 years ago from Cleveland, OH

7

14

4

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.

Show: All
  • All
  • Politics and Social Issues (1)
  • All
  • Politics and Social Issues (7)
  • Fiat Currency vs. the Gold Standard
    205

    Fiat Currency vs. the Gold Standard

    4 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.

  • Fiat Currency Economics: A Primer on Modern Monetary Theory
    5

    Fiat Currency Economics: A Primer on Modern Monetary Theory

    4 weeks 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.

  • Budget Surpluses Hurt the Economy
    90

    Budget Surpluses Hurt the Economy

    4 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

    4 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

    4 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

    4 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

    4 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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