Ikus https://twitter.com/wbmosler/status/1369312224553164807
Economists: let’s see a mathematical model of MMT.
Me: ok, but let me tell you first about how MMTers have literally started our own currencies from scratch (multiple times).
The UMKC Buckaroo: A Currency Model for World Prosperity
It’s been more than 10 years since the economics department at UMKC introduced its own currency.
It’s called the buckaroo, named in sync with the school …
(https://www.huffpost.com/entry/the-umkc-buckaroo-a-curre_b_970447)
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Warren B. Mosler #MMT@wbmosler
erabiltzaileari erantzuten
Pavlina did the math model in 1996:
http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf
oooooo
Sam Levey@SamHLevey
erabiltzaileari erantzuten
I’ve also got a math model based on her work. Here’s the rough draft:
The government has a monopoly on the currency — that means that it sets the price.
(https://medium.com/@slevey087/monopoly-money-redux-a4d96f156f7)
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Kelly Gerling@kellygerling
Cool. Thanks Warren!
