Community Spotlight: Jim Byrne and MMT 101—Building the Educational Engine Jim Byrne and MMT 101—Building the Educational Engine

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Building a new economic narrative isn't a solo mission. It requires a community of trusted voices that builds the educational foundation.

Today's Community Spotlight is on an absolute essential: @learnmmt101.bsky.social. 🧵👇 #MMTCommunity #MMT101

Phil Armstrong on the MMT101 Podcast. On the dominance of mainstream economics in academia.

#Economics #LearnMMT #MMT101

MMT Economist Phil Armstrong, their models 'constantly fail to deliver'. #Economics #LearnMMT #MMT101 #MMT

Universal Basic Income (UBI) versus The Job Guarantee (JG)? Which One Is Best? Fighting Poverty & Inequality: Universal Basic Income vs. the Job Guarantee Program from a Modern Monetary Theory (MMT) perspective.

3. when debilitating poverty is not bearing down on them."

tinyurl.com/mrw9fted

#Economics #LearnMMT #MMT101

An Explanation Of Why Taxes Don’t Fund Spending—And Why Elon Musk Is Wrong About The US Government Deficit MMT points out that currency-Issuing Governments, like the US and UK, don’t need tax income to finance their spending. That’s not to say they are not needed; they are an essential policy tool.

4. ‘hut tax’ story from his book The 7 Deadly Innocent Frauds of Economic Policy."

tinyurl.com/scah3mxt

#Economics #MMT #LearnMMT #MMT101

Warren Mosler on the origins of Modern Monetary Theory (MMT) and The 7 Deadly Innocent Frauds of Economic Policy In this episode of the MMT101 podcast, along with my esteemed colleague Lynne Dougan, we are delighted to be chatting to the ‘Father of MMT’ himself, Warren Mosler

Talking to Warren Mosler about the origins of Modern Monetary Theory (MMT).

"Instead of $30,000 they gave us $300M..."

tinyurl.com/mvjft56u

#MMT #LearnMMT #MMT101 #Economics

Modern Monetary Theory (MMT) Fundamentals: The Myth of Barter & the Origins of Money Part One: Money Evolved as a Natural Response to the Flaws of Barter

New on my SubStack: "Modern Monetary Theory (MMT) Fundamentals: The Myth of Barter & the Origins of Money"

tinyurl.com/ycyrcvch

#MMT #LearnMMT #MMT101 #Economics #Barter #OriginsOfMoney #Money

The Introduction of the Euro – A Catalyst for Eurozone Economic Decline? The Effects of the Euro: An Analysis from a Modern Monetary Theory (MMT) Perspective.

New on my SubStack. The Introduction of the Euro – A Catalyst for Eurozone Economic Decline?
tinyurl.com/4z8dfrux

The Effects of the Euro: An Analysis from a Modern Monetary Theory (MMT) Perspective.

#MMT #LearnMMT #MMT101 #Economics #Eurozone #TheEuro

Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money Stepping Up to the Next Rung of the Liquidity Ladder: The Money Supply, Narrow Money, and Why the Quantity Theory of Money Misses the Mark

3. theory linking ‘excessive’ government spending to inflation."

Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money:
tinyurl.com/mppx5rdy

#LearnMMT #MMT #MMT101 #Economics #MoneySupply #NarrowMoney

Important Figures in the Development of MMT: Hyman Minsky 'Stability Breeds Instability' The danger lies in private sector debt not government sector debt

2. understanding of how government finance works. And a wrong understanding of the difference between private debt and public debt.

Hyman Minsky 'Stability Breeds Instability' tinyurl.com/2xjf6pse

#MMT #LearnMMT #MMT101 #Economics #HeterodoxEconomics #FinancialCrash

Important Figures in the Development of MMT: Economist Wynne Godley, Pioneer of Stock-Flow Consistent Modelling and Populariser of Sectoral Balance Insights Wynne Godley's work on SFC modelling and sectoral balances provided an essential toolset for Modern Monetary Theory MMT academics as a way to analyse and understand financial flows within the economy.

5. In practice that means (certainly in the UK and US), primarily the private sector."
tinyurl.com/mvukayx2

#LearnMMT #MMT101 #Economics

Important Figures in the Development of MMT: Economist Wynne Godley, Pioneer of Stock-Flow Consistent Modelling and Populariser of Sectoral Balance Insights Wynne Godley's work on SFC modelling and sectoral balances provided an essential toolset for Modern Monetary Theory MMT academics as a way to analyse and understand financial flows within the economy.

New on my SubStack

"Important Figures in the Development of MMT: Economist Wynne Godley, Pioneer of Stock-Flow Consistent Modelling and Populariser of Sectoral Balance Insights"

tinyurl.com/mvukayx2

#Economics #WynneGodley #StockFlowConsistentModelling #MMT #MMT101

Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money Stepping Up to the Next Rung of the Liquidity Ladder: The Money Supply, Narrow Money, and Why the Quantity Theory of Money Misses the Mark

6. to manage the economy and overlooks how targeted spending can enhance productive capacity."

Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money: tinyurl.com/mppx5rdy

#LearnMMT #MMT #MMT101

Modern Monetary Theory (MMT) in 67 Bullet Points This is a working document. Although I am publishing it now, I intend to continue editing and adding to each of these bullet points over time.

2. rather than theoretical models. MMT seeks to find out and examine where money comes from; the institutions it flows through; and the role it plays in society and the economy."

Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/32s6n8ja

#LearnMMT #MMT #MMT101

Understanding the money supply.

3. Instead, lending creates deposits, and reserves are adjusted after the fact to ensure the banking system functions effectively."

Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money tinyurl.com/mppx5rdy

#LearnMMT #MMT #MMT101

"Nobody thinks the football stadium has to collect the ticket first before they can sell it." Warren Mosler

#LearnMMT #MMT #MMT101

Understanding the Money Supply - Part 2 - Narrow Money

6. deficit spending. MMT advocates agree that deficit spending expands the money supply; however, they do not believe this is necessarily a bad thing or that it automatically leads to inflation."

Understanding The Money Supply tinyurl.com/mppx5rdy

#LearnMMT #MMT #MMT101

Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money Stepping Up to the Next Rung of the Liquidity Ladder: The Money Supply, Narrow Money, and Why the Quantity Theory of Money Misses the Mark

New on SubStack: "Understanding the Money Supply – Part 2: Narrow Money and the Quantity Theory of Money"

Stepping Up to the Next Rung of the Liquidity Ladder: The Money Supply, Narrow Money, and Why the Quantity Theory of Money Misses the Mark

tinyurl.com/mppx5rdy

#LearnMMT #MMT #MMT101

Understanding Base Money, The Money Supply, and The Role of Central Bank Reserve Accounts - Part 1 Why I Like to Take My Money in Liquid Form

3. money, or the monetary base. Base money consists of two types: currency in circulation and central bank reserves, both of which can be used immediately without any conversion or delay."

Understanding Base Money: tinyurl.com/5xhnwwsy

#MMT #LearnMMT #MMT101

What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work? The Modern Monetary Theory (MMT) Perspective Orthodox Economics Versus Modern Monetary Theory (MMT): Perspectives on the Meaning of the Phrase ‘Full Employment’

4. mitigate against future disasters or examine the robustness of your supply chains to ensure they are not so easily disrupted."

Why At ‘Full Employment’ Are So Many People Still Looking For Work? tinyurl.com/6anwb5cd

#MMT #LearnMMT #MMT101

Modern Monetary Theory (MMT) in 67 Bullet Points This is a working document. Although I am publishing it now, I intend to continue editing and adding to each of these bullet points over time.

Modern Monetary Theory (MMT) in 67 Bullet Points tinyurl.com/32s6n8ja

If you are interested in learning about #MMT subscribe to my SubStack for regular educational articles.

#LearnMMT #MMT101

What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work? The Modern Monetary Theory (MMT) Perspective Orthodox Economics Versus Modern Monetary Theory (MMT): Perspectives on the Meaning of the Phrase ‘Full Employment’

My latest #MMT economics SubStack article is now available. What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work?
The Modern Monetary Theory (MMT) Perspective
tinyurl.com/bdhj9hrm

#LearnMMT #MMT101

What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work? The Modern Monetary Theory (MMT) Perspective Orthodox Economics Versus Modern Monetary Theory (MMT): Perspectives on the Meaning of the Phrase ‘Full Employment’

3. Whether they are conscious of it or not, they are always ‘baking in’ a certain level of unemployment and underemployment."

What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work? tinyurl.com/bdhj9hrm

#LearnMMT #MMT101 #MMT

What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work? The Modern Monetary Theory (MMT) Perspective Orthodox Economics Versus Modern Monetary Theory (MMT): Perspectives on the Meaning of the Phrase ‘Full Employment’

My latest Substack article. "What Does Full Employment Mean? And Why At ‘Full Employment’ Are So Many People Still Looking For Work?

The Modern Monetary Theory (MMT) Perspective"

tinyurl.com/bdhj9hrm

#MMT #LearnMMT #MMT101

If social media is anything to go by the number of people starting to understand the real nature of government spending appears to be expanding at a rapid rate. Logic has an appeal. 'There may be trouble ahead...'

#MMT #LearnMMT #MMT101

MMT Economics Jargon Buster - Part 2 (G thru M) If you’re new to MMT, you’ll need a reference. This is article two, in which I define the most commonly used MMT terms.

6. Those same securities, when later traded by other institutions in the non-government sector, are said to be traded in the secondary market.

MMT Jargon Buster 2: tinyurl.com/yxdue3vz

#LearnMMT #MMT101 #MMT

MMT Economics Jargon Buster - Part 4 (I thru V) If you’re new to MMT, you’ll need a reference. This is article four, in which I define the most commonly used MMT terms from I thru V.

6. Disruptions to supply chains and/or price gouging by large corporations are also regarded as supply-side issues.

MMT Economics Jargon Buster - Part 4 (I thru V) tinyurl.com/mpm93s34

#MMT #LearnMMT #MMT101

"If we think of money as a credit, we can never run out of the potential for issuing IOUs" Economist Steven Hail

#MMT #LearnMMT #MMT101 #Economics

Important Figures in the Development of MMT: Abba P. Lerner ‘Functional Finance' Exploring Abba P. Lerner's Functional Finance and its Influence on Modern Monetary Theory (MMT).

5. Lerner’s Functional Finance Framework tinyurl.com/4jrhs9pt

#MMT #LearnMMT #MMT101 #Economics

MMT Fundamentals: A Fiat Currency - What Is It and Why Is It Important? MMT - Key Ideas and Concepts: Fiat Currency

What is a fiat currency? And why is it an important part of the Modern Monetary Theory (MMT) story?

tinyurl.com/37j8a958

#MMT #LearnMMT #MMT101