Comments on: Contact

By: WARREN MOSLER

WARREN MOSLER — Mon, 06 Feb 2012 17:55:59 +0000

just posted it on the blog, thanks!

By: WARREN MOSLER

WARREN MOSLER — Mon, 06 Feb 2012 17:46:54 +0000

they’ve been reading this blog?

By: Will Richardson

Will Richardson — Mon, 06 Feb 2012 16:12:59 +0000

What do you make of this interesting piece on local currency being adopted in Bristol with a Credit Union behind it and the currency being allowed to pay local rates (and council tax?)

http://www.bbc.co.uk/news/uk-england-bristol-16852326

By: WARREN MOSLER

WARREN MOSLER — Mon, 06 Feb 2012 10:14:23 +0000

what do you mean by fractional reserve banking? read ‘soft currency economics’ yet?

By: Samuel

Samuel — Mon, 06 Feb 2012 04:17:14 +0000

Great site and very informative. My question is how does the fractional reserve banking system affect the money supply? I have searched the site and haven’t found any information regarding the topic.

Thanks for all your hard work and providing clarity about the monetary system.

By: WARREN MOSLER

WARREN MOSLER — Tue, 10 Jan 2012 22:07:41 +0000

michael is on it

By: Jim

Jim — Tue, 10 Jan 2012 19:57:41 +0000

http://moslereconomics.com/2010/10/04/exchange-rate-policy-and-full-employment/

The link to the document is broken!

By: Meph

Meph — Fri, 02 Dec 2011 06:44:44 +0000

I just thought I’d share this recent essay from Martin Feldstein who basically is outlined MMT.

http://www.project-syndicate.org/commentary/feldstein42/English#comments

By: Heraclitus

Heraclitus — Sun, 20 Nov 2011 19:45:32 +0000

But does the GDP figure accurately reflect our standard of living and consumption, when it is “artificially” inflated by Wall Street, rather than representing the “real economy?”

By: WARREN MOSLER

WARREN MOSLER — Sun, 20 Nov 2011 17:02:31 +0000

Govt. deficit spending adds exactly that much in nominal savings, to the penny.

The question is whether the value of that nominal savings keeps up with ‘inflation’

That depends on other govt policy. If govt spends on a price constrained basis, as with an elr/jg
employed buffer stock, internal price stability can be sustained as desired.

Furthermore, though a slightly different point, is the idea of the value of ‘a’ dollar vs the value of ‘all the dollars’.

While one dollar buys less than it did 100 years ago, ‘all the dollars’ but the entire year’s real gdp, which is considerably enhanced from what it was 100 years ago, even when population adjusted. And our real consumption and real standard of living is a function of the current real level of gdp.