It’s labeled modern monetary theory or MMT. I have read a few efforts to explain this concept and frankly, I would use the late President Bush’s term to best describe it: voodoo economics.
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Two of the most commonly accepted theories for the origin of money are the commodity theory and the chartalist theory. Both ...
Get Instant Summarized Text (Gist) A new theory suggests that money may have originated from long-distance trade rather than internal barter or state imposition. This theory posits that pre-state ...
The piggy bank originated about 500 years ago at the dawn of capitalism, when ordinary people started to possess silver coins ...
Mainstream economics tells us that we need a growing money supply to keep an economy growing. But what if a growing money ...
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Seasonally adjusted M2+ (gross) is the sum of seasonally adjusted M2 (gross) plus the seasonally adjusted sum of deposits at non-banks and money market mutual funds, plus adjustment items as described ...