Monetary Realism is About Choosing Knowledge Over Ideology

“skate where the puck’s going, not where it’s been”. – Wayne Gretzky There’s a famous saying that’s repeated on rare occasion when the fiscalist view of the world dominates policy – “we’re all Keynesians now”.  It’s generally a misleading way of labelling an entire population and such declarations are usually the views of biased policy thinkers.  Now,Read More

Understanding Moneyness

This section will be a new addition/clarification to my paper on Understanding the Modern Monetary System.   Modern forms of money are largely endogenous (created within the private banking system), but are organized under the realm of government law.  The specific unit of account in any nation deems how money will be denominated.  The government thereforeRead More