Soft Currency Economics II (MMT - Modern Monetary Theory Book 1)

Soft Currency Economics II MMT Modern Monetary Theory Book The author has been called one the brightest minds in finance CNBC Soft Currency Economics is the little book that could logically in both real and nominal terms legitimately challenge many of

  • Title: Soft Currency Economics II (MMT - Modern Monetary Theory Book 1)
  • Author: Warren Mosler
  • ISBN: null
  • Page: 325
  • Format: Kindle Edition
  • The author has been called one the brightest minds in finance CNBC 2010 Soft Currency Economics is the little book that could logically, in both real and nominal terms, legitimately challenge many of the core held beliefs of the mainstream classical and neo classical schools of economics It is a corner stone publication for the new, widely popular fresh approach to e The author has been called one the brightest minds in finance CNBC 2010 Soft Currency Economics is the little book that could logically, in both real and nominal terms, legitimately challenge many of the core held beliefs of the mainstream classical and neo classical schools of economics It is a corner stone publication for the new, widely popular fresh approach to economics that has come to be called Modern Monetary Theory MMT It explains with actual facts, not theory, and with non technical language, the true operational realities of our monetary system central banks and private banks The author, a 40 year insider in monetary operations, and a very successful fixed income hedge fund manager, wrote this book in 1993 after witnessing the markets drastically discount sovereign debt on the errant belief that market forces could force nations into default on debt payable in their own currency, and that austerity was the only solution This was contrary to the author s understanding of what are called fiat currencies, where governments always have the ability to meet all obligations in a timely manner As a result of this experience, the author took up the task of educating government officials on how the monetary system operated with the hope that with this understanding they would be free to ensure that the government acted for the public purpose and achieved their stated goals of full employment and price stability Initially published in 1993, this book will utterly convince many readers that what they thought they knew about monetary policy is wrong.The book describes what is money why debt monetization and the money multiplier are myths how fiscal and monetary policy can be used effectuate full employment deficits do not cause countries to default on their debt unless that is the decision

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      Posted by:Warren Mosler
      Published :2019-03-24T20:36:54+00:00

    About "Warren Mosler"

    1. Warren Mosler

      Warren Mosler Is a well-known author, some of his books are a fascination for readers like in the Soft Currency Economics II (MMT - Modern Monetary Theory Book 1) book, this is one of the most wanted Warren Mosler author readers around the world.

    858 thoughts on “Soft Currency Economics II (MMT - Modern Monetary Theory Book 1)”


    1. Fascinating read about reserve banking and what can be done. Ill have to re-read because of the content was vast but short.


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