Ingeles pixka bat…
Randall Wray-k: http://www.economonitor.com/lrwray/2013/07/30/mmt-and-main-street-vs-wall-street/
eta
Duane Catlett-ek[1]: http://helenair.com/news/opinion/america-s-main-street-economy-versus-the-wall-street/article_10b3d4e2-f659-11e2-bf3f-001a4bcf887a.html?comment_form=true
DTM eta bere sena:
“A new branch of economics called Modern Money Theory (MMT) emerged early in the 1990s that perfectly explains this divergence between financial markets and main street economy. It also foretold the euro zone crisis and the recent 2008 Great Recession. It additionally explains why the Fed’s Quantitative Easing (QE) program has been insignificant in stimulating the economy while continuing to accelerate the wealth gap.”
Warren Mosler:
“Warren Mosler (…) challenged the economics profession that the U.S. would be far more prosperous if we stopped basing our fiscal and monetary policies on theories designed for a country whose currency was still tied to the gold standard.”
Warren Mosler-en eraginak:
“Today, tens of thousands of professionals in academia, finance, business, and government also champion Mosler’s insights that our fears about the national debt and deficit are the result of a failure to understand how modern money works and that lack of understanding is holding back progress on all economic fronts in America.”
DTM-ren punturik nagusienak:
“…MMT describes the government’s basic financial management framework in a way that is simple and straight forward that most of us can understand.
n The U.S. government’s finances are nothing at all “like a family sitting around the kitchen table working its budget” as has been metaphorically described by countless politicians.
n The U.S. dollar is not tied to a commodity. It is only a medium of exchange backed by the strength and power of the United States economy.
n The U.S. government’s financial management system consists of two components, fiscal and monetary.
Effective financial management requires that both the fiscal (spending and taxes) and monetary (interest rates and monetary operations) parts of the government work together in sync.”
FED eta Altxor Publikoa:
“The Federal Reserve Banking system (the Fed) is responsible for the monetary part. As the central bank of the U.S. government, it manages the federal government’s financial balance sheet. The U.S. Treasury and all states and commercial banks, both foreign and domestic, that want to do business with the U.S. government must have an account at the Federal Reserve Bank.”
Fed eta Kongresua:
“The Fed is the most misunderstood part of the U.S. government’s financial management system, and its power is greatly exaggerated. It is only the U.S. Congress that has the power to create jobs and stimulate growth in the main street economy.”
“Just as the Fed is the “lender of last resort” for commercial banks if they need reserves to balance their capital accounts, the U.S. Congress must be the “job creator of last resort” for our economy.”
[1] Duane Catlett is a retired career PhD scientist who has managed multimillion dollar programs during his career. In retirement he has become a serious student of macroeconomics and the role of government in our economy.
