Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Modern_Monetary_Theory> ?p ?o }
- Modern_Monetary_Theory abstract "Modern Monetary Theory (MMT or Modern Money Theory), also known as neochartalism, is an economic theory that details the procedures and consequences of using government-issued tokens as the unit of money, i.e., fiat money. According to modern monetary theory, \"monetarily sovereign government is the monopoly supplier of its currency and can issue currency of any denomination in physical or non-physical forms. As such the government has an unlimited capacity to pay for the things it wishes to purchase and to fulfill promised future payments, and has an unlimited ability to provide funds to the other sectors. Thus, insolvency and bankruptcy of this government is not possible. It can always pay\". In contrast to orthodox monetarism, MMT explains inflation as being caused primarily by resource constraints rather than monetary expansion.MMT aims to describe and analyze modern economies in which the national currency is fiat money, established and created by the government. In sovereign financial systems, banks can create money but these horizontal transactions do not increase net financial assets as assets are offset by liabilities. “The balance sheet of the government does not include any domestic monetary instrument on its asset side; it owns no money. All monetary instruments issued by the government are on its liability side and are created and destroyed with spending and taxing/bond offerings, respectively.” In addition to deficit spending, valuation effects e.g. growth in stock price can increase net financial assets. In MMT, vertical money (see below) enters circulation through government spending. Taxation and its legal tender power to discharge debt establish the fiat money as currency, giving it value by creating demand for it in the form of a private tax obligation that must be met. In addition, fines, fees and licenses create demand for the currency. This can be a currency issued by the government, or a foreign currency such as the euro. An ongoing tax obligation, in concert with private confidence and acceptance of the currency, maintains its value. Because the government can issue its own currency at will, MMT maintains that the level of taxation relative to government spending (the government's deficit spending or budget surplus) is in reality a policy tool that regulates inflation and unemployment, and not a means of funding the government's activities per se.".
- Modern_Monetary_Theory wikiPageExternalLink wp10.html.
- Modern_Monetary_Theory wikiPageExternalLink wp17.html.
- Modern_Monetary_Theory wikiPageExternalLink www.levyinstitute.org.
- Modern_Monetary_Theory wikiPageExternalLink download.php?file=wp_647.pdf&pubid=1344.
- Modern_Monetary_Theory wikiPageExternalLink what-is-money.
- Modern_Monetary_Theory wikiPageExternalLink Febrero.pdf.
- Modern_Monetary_Theory wikiPageExternalLink blog.
- Modern_Monetary_Theory wikiPageExternalLink macroeconomic-balance-sheet-visualizer.
- Modern_Monetary_Theory wikiPageExternalLink knut-wicksell-and-the-origins-of-modern-monetary-theory.
- Modern_Monetary_Theory wikiPageExternalLink MMT_Overview.
- Modern_Monetary_Theory wikiPageExternalLink neweconomicperspectives.org.
- Modern_Monetary_Theory wikiPageExternalLink www.cfeps.org.
- Modern_Monetary_Theory wikiPageExternalLink on-modern-money.html.
- Modern_Monetary_Theory wikiPageExternalLink it%e2%80%99s-hard-being-a-bear-part-sixgood-alternative-theory.
- Modern_Monetary_Theory wikiPageExternalLink HardBeingABear06AlternativeTheory.pdf.
- Modern_Monetary_Theory wikiPageExternalLink organization.
- Modern_Monetary_Theory wikiPageExternalLink www.moslereconomics.com.
- Modern_Monetary_Theory wikiPageExternalLink 497.
- Modern_Monetary_Theory wikiPageExternalLink 1_41kF_QUgyvePUqlPObIRKw3SYNMzqrvAmNPbxeOpHo.
- Modern_Monetary_Theory wikiPageID "4682782".
- Modern_Monetary_Theory wikiPageLength "39083".
- Modern_Monetary_Theory wikiPageOutDegree "107".
- Modern_Monetary_Theory wikiPageRevisionID "707980188".
- Modern_Monetary_Theory wikiPageWikiLink A_Treatise_on_Money.
- Modern_Monetary_Theory wikiPageWikiLink Abba_P._Lerner.
- Modern_Monetary_Theory wikiPageWikiLink Adam_Smith.
- Modern_Monetary_Theory wikiPageWikiLink Alfred_Mitchell-Innes.
- Modern_Monetary_Theory wikiPageWikiLink Austrian_School.
- Modern_Monetary_Theory wikiPageWikiLink Automatic_stabilizer.
- Modern_Monetary_Theory wikiPageWikiLink Balanced_budget.
- Modern_Monetary_Theory wikiPageWikiLink Barter.
- Modern_Monetary_Theory wikiPageWikiLink Basil_Moore.
- Modern_Monetary_Theory wikiPageWikiLink Bill_Mitchell_(economist).
- Modern_Monetary_Theory wikiPageWikiLink Broad_money.
- Modern_Monetary_Theory wikiPageWikiLink Category:Economic_theories.
- Modern_Monetary_Theory wikiPageWikiLink Category:Heterodox_economics.
- Modern_Monetary_Theory wikiPageWikiLink Category:Ideologies_of_capitalism.
- Modern_Monetary_Theory wikiPageWikiLink Category:Macroeconomics.
- Modern_Monetary_Theory wikiPageWikiLink Category:Macroeconomics_and_monetary_economics.
- Modern_Monetary_Theory wikiPageWikiLink Category:Modern_monetary_theory.
- Modern_Monetary_Theory wikiPageWikiLink Category:Monetary_economics.
- Modern_Monetary_Theory wikiPageWikiLink Category:Political_economy.
- Modern_Monetary_Theory wikiPageWikiLink Category:Political_terminology.
- Modern_Monetary_Theory wikiPageWikiLink Category:Post-Keynesian_economics.
- Modern_Monetary_Theory wikiPageWikiLink Central_bank.
- Modern_Monetary_Theory wikiPageWikiLink Centre_of_Full_Employment_and_Equity.
- Modern_Monetary_Theory wikiPageWikiLink Chartalism.
- Modern_Monetary_Theory wikiPageWikiLink Commodity_money.
- Modern_Monetary_Theory wikiPageWikiLink Debt_limit.
- Modern_Monetary_Theory wikiPageWikiLink Deficit_spending.
- Modern_Monetary_Theory wikiPageWikiLink Deflation.
- Modern_Monetary_Theory wikiPageWikiLink Demand_for_money.
- Modern_Monetary_Theory wikiPageWikiLink Discount_window.
- Modern_Monetary_Theory wikiPageWikiLink Economy_of_Japan.
- Modern_Monetary_Theory wikiPageWikiLink Endogenous_money.
- Modern_Monetary_Theory wikiPageWikiLink Euro.
- Modern_Monetary_Theory wikiPageWikiLink Fiat_money.
- Modern_Monetary_Theory wikiPageWikiLink Fixed_exchange-rate_system.
- Modern_Monetary_Theory wikiPageWikiLink Floating_exchange_rate.
- Modern_Monetary_Theory wikiPageWikiLink Functional_finance.
- Modern_Monetary_Theory wikiPageWikiLink Georg_Friedrich_Knapp.
- Modern_Monetary_Theory wikiPageWikiLink Gold_standard.
- Modern_Monetary_Theory wikiPageWikiLink Government_budget_balance.
- Modern_Monetary_Theory wikiPageWikiLink Government_spending.
- Modern_Monetary_Theory wikiPageWikiLink History_of_macroeconomic_thought.
- Modern_Monetary_Theory wikiPageWikiLink History_of_money.
- Modern_Monetary_Theory wikiPageWikiLink Hyman_Minsky.
- Modern_Monetary_Theory wikiPageWikiLink IOU.
- Modern_Monetary_Theory wikiPageWikiLink Interbank_lending_market.
- Modern_Monetary_Theory wikiPageWikiLink James_K._Galbraith.
- Modern_Monetary_Theory wikiPageWikiLink Jean-Baptiste_Say.
- Modern_Monetary_Theory wikiPageWikiLink Job_guarantee.
- Modern_Monetary_Theory wikiPageWikiLink John_Maynard_Keynes.
- Modern_Monetary_Theory wikiPageWikiLink John_Stuart_Mill.
- Modern_Monetary_Theory wikiPageWikiLink Karl_Marx.
- Modern_Monetary_Theory wikiPageWikiLink Keynesian_economics.
- Modern_Monetary_Theory wikiPageWikiLink L._Randall_Wray.
- Modern_Monetary_Theory wikiPageWikiLink Legal_tender.
- Modern_Monetary_Theory wikiPageWikiLink Marc_Lavoie.
- Modern_Monetary_Theory wikiPageWikiLink Medium_of_exchange.
- Modern_Monetary_Theory wikiPageWikiLink Metallism.
- Modern_Monetary_Theory wikiPageWikiLink Monetarism.
- Modern_Monetary_Theory wikiPageWikiLink Monetary_base.
- Modern_Monetary_Theory wikiPageWikiLink Monetary_circuit_theory.
- Modern_Monetary_Theory wikiPageWikiLink Monetary_inflation.
- Modern_Monetary_Theory wikiPageWikiLink Money.
- Modern_Monetary_Theory wikiPageWikiLink Money_creation.
- Modern_Monetary_Theory wikiPageWikiLink Money_multiplier.
- Modern_Monetary_Theory wikiPageWikiLink New_Keynesian_economics.
- Modern_Monetary_Theory wikiPageWikiLink New_South_Wales.
- Modern_Monetary_Theory wikiPageWikiLink Open_market_operation.
- Modern_Monetary_Theory wikiPageWikiLink PIGS_(economics).
- Modern_Monetary_Theory wikiPageWikiLink Paul_Krugman.
- Modern_Monetary_Theory wikiPageWikiLink Post-Keynesian_economics.
- Modern_Monetary_Theory wikiPageWikiLink Quantity_theory_of_money.
- Modern_Monetary_Theory wikiPageWikiLink Reserve_requirement.
- Modern_Monetary_Theory wikiPageWikiLink Robert_P._Murphy.
- Modern_Monetary_Theory wikiPageWikiLink Schools_of_economic_thought.
- Modern_Monetary_Theory wikiPageWikiLink Sectoral_balances.