Scott Fullwiler(e)k Bertxiotua Scott Fullwiler
Scott Fullwiler(e)k gehitu du,
Scott Fullwiler @stf18
MMT does NOT argue “all money comes from the currency-issuing government.” Thankfully, my MA class is nailing this question on their exams.
2017 urr. 31
Loans Create Deposits: Inside vs Outside Money
Warren Mosler talking about the difference between bank-created money and government created money. In our floating exchange rate system, the textbook explanation of the money multiplier does not apply. Instead, loans create deposits, and the Central Bank must supply any necessary reserves after the fact in order to be able to hit their interest rate target.