Understanding The Modern Monetary System
It’s come to my attention that some people can’t access the drop-down box in the tools and resources bar and were unaware of the “MMT 101″ article in the first place. I have never formally posted this as it’s been a work in progress, but I think readers will find it useful to be able to access it when needed. I’ve attempted to create what is really an oversimplified beginner’s manual for Modern Monetary Theory. I know from experience that it can be very difficult to conquer and understand in its entirety. There are many links with the more advanced works by Warren Mosler, Scott Fullwiler, Bill Mitchell, Marshall Auerback, Randall Wray, James Galbraith and Wynne Godley.
You can find a link to the story in the tools and resources page as well as in the discussion forum. Unfortunately, I am not able to repost the story in multiple places because it is a work in progress and multiple articles would require editing of all pieces. So, for simplicity you can always find it here:
http://pragcap.com/resources/understanding-modern-monetary-system
If the drop-down doesn’t work just check the forum:
http://pragcap.com/discussion-forum?mingleforumaction=viewtopic&t=8
I hope you find it helpful.
Thanks,
Cullen
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by Andrew Wilkinson, Senior Market Analyst at Interactive Brokers
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