Our Currency System as Explained by a Deficit Owl

I’ve posted many Modern Monetary Theory and Modern Monetary Realism resources on this blog so that my readers could better understand exactly how our system works.  While the prescriptions from MMT theorists may not always line up with your viewpoint, or mine for that matter – the mechanics of our monetary system are important.  How money flows is not Republican or Democratic, it just is – but not understanding how money works will lead to poor policy (by both sides).

Professor Stephanie Kelton made an interesting presentation to the Financial Planning Association a few weeks ago, I was disappointed I couldn’t attend, but I’ve managed to get a copy of it for your viewing pleasure.  Apologize in advance for the extra code…can’t remove it for some reason.

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/UmkcEconomists/money-is-no-object-no-theory-no-controversy” title=”Money Is No Object: No Theory, No Controversy” target=”_blank”>Money Is No Object: No Theory, No Controversy</a> </strong> from <strong><a href=”http://www.slideshare.net/UmkcEconomists” target=”_blank”>Umkc Economists</a></strong> </div>


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