Monetary Realism (MR) is a set of understandings that help to describe how the monetary system functions (see here for our full primer). This sytem is deep, complex and often misunderstood. We hope to bring balance and objective insights to the discussion in order to clarify many of the misconceptions about money, economics and the monetary system. Our goal with MR is to focus on the core operational realities of the economy while any policy ideas are entirely peripheral to MR.
To obtain a better understanding of Monetary Realism we recommend the following reading:
* Some of these documents use the term MMR to refer to Monetary Realism. These were published when some people were referring to MR as an offshoot of MMT under the name MMR.