John (JohnfrmCleveland)

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.

In the Spotlight

Fiat Currency Economics: A Primer on Modern Monetary Theory

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.

• 
  205
  Economy & Government

  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
  Economy & Government

  Fiat Currency Economics: A Primer on Modern Monetary Theory

  2 years 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
  Financial & Economic Crisis

  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...

• 
  8
  Economy & Government

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

  11 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...

• 
  2
  Economy & Government

  Why Quantitative Easing Didn't Work

  11 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.

• 
  5
  Economy & Government

  Why Interest Rates Aren't Going Up

  11 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.

• 
  593
  Financial & Economic Crisis

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

  11 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...