This is the paper I will give at this year's System Dynamics conference in Bergen, Norway, on August 4-8 2024. It should be of use to anyone trying to argue sense with politicians.
Steve, all we need is a billionaire or two to get behind MMT and Minsky financially. Smart people these guys. Wonder why they (and their advisors) don't read your stuff. Musk has a Wall Streeter running his home office. Wouldn't be anti-competitive behavior would it? Humm.
Retail enterprises and either the FED or the Treasury open T accounts. The retailer's account is called 50% Sales Discounts and the FED/Treasury's is called 50% Retail Rebates. You can either create the money as bonds or just plain old money. Same accounting for a 50% Gift of total interest to the bank/50% Debt jubilee to the consumer. Voila! accounting and the new monetary paradigm of Gifting enables benefits no one ever conceived before.
Hi Steve. Are you interested in feedback about possible typos? Found a few on my first quick read but if you have somebody else checking ....
Steve, all we need is a billionaire or two to get behind MMT and Minsky financially. Smart people these guys. Wonder why they (and their advisors) don't read your stuff. Musk has a Wall Streeter running his home office. Wouldn't be anti-competitive behavior would it? Humm.
Retail enterprises and either the FED or the Treasury open T accounts. The retailer's account is called 50% Sales Discounts and the FED/Treasury's is called 50% Retail Rebates. You can either create the money as bonds or just plain old money. Same accounting for a 50% Gift of total interest to the bank/50% Debt jubilee to the consumer. Voila! accounting and the new monetary paradigm of Gifting enables benefits no one ever conceived before.