Warren Mosler eta Bill Michell maiz egon dira UK-n, ikus UEU-ko blogean hainbat sarrera…
Britainia Handiko batzuek ongi dakite DTM zer den.
Follower of Modern Monetary Theory with objecttive of disseminating the works of Mosler, Kelton, Randall Wray, Tcherneva,, Mitchell, Hail, Hudson, Keen et al
Thanks @GowerInitiative very instructive.
The GIMMS team was delighted to host its ‘in conversation’ event in November at which Phil
Armstrong spoke to Neil Wilson. Neil is an expert in finance and i…
There has never been and never will be such a thing as “taxpayers’ money”. Sterling coinage is minted by the Royal Mint, sterling notes and electronic accounts are created by the Bank of England and electronic bank deposits are created by commercial banks. No taxpayers in sight.
An Accounting Model of the UK Exchequer
Neil Wilson: It’s Just Debits and Credits
“… when we are doing stock/flow analysis in Modern Monetary Theory (the clue’s in the name) we generally concentrate on the financial subset of the whole balance sheet. Therefore the balancing item on an MMT stock/flow analysis is just a Balancing Liability (or Balancing Stock of Credits if you prefer), not Net Worth as we see in the National Accounts.
It’s important to avoid a “firm analogy” fallacy that is almost as damaging as the “household analogy” fallacy. Currency zones are neither households nor firms, and should not be analysed as such.”
Gower Initiative for Modern Money Studies@GowerInitiative