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Clint Ballinger

Tag: imfs

How About a Nice Game of Chess?

In modern states, demand for currency comes from the ongoing self-imposed liability for the currency. There is no need to pay savers in order for them to desire to hold the currency (interest on sovereign bonds issued for "deficit spending"). Any justification for doing so must rest on some other perceived benefit of paying savers.

Clint Ballinger Development Economics, Macroeconomics, MMT, Modern Monetary Theory 1 Comment October 22, 2022October 22, 2022

Recent Posts

  • When are payments to holders of the tax-credit by the state ever a useful policy? October 24, 2022
  • How About a Nice Game of Chess? October 22, 2022
  • The Two Families of Global Reserve Proposals & Swap Lines October 11, 2022
  • Types & Motivations for Supranational Currencies October 9, 2022
  • Questions Related to International Trade & Currencies October 9, 2022
  • Would Total Adoption of Crypto Make Banking & Government Finance Better? Accounting Says No December 3, 2021
  • So Long As You Are Happy October 5, 2021
  • The Most Fatal Ailment September 8, 2021
  • The Souls of the People September 1, 2021
  • CBDC: The Power and the Profit August 22, 2021
  • Again: Good “Mainstream” Econ Podcasts still get basics wrong, frustrating March 17, 2021
  • Whither MMT? March 2, 2021
  • Good “Mainstream” Econ Podcasts still get basics wrong, frustrating March 1, 2021
  • Democracy & Profligacy: Will MMT Destroy the World? Part III March 1, 2021
  • Democracy & Profligacy: Will MMT Destroy the World? Part II February 26, 2021
  • Democracy & Profligacy: Will MMT Destroy the World? Part I of III on the Government Spending→Inflation Myth February 2, 2021
  • Inflation & Unemployment: Fiscal actions (i.e., “daily governance”) & Banking Regulation Work. Monetary “Policy” Does Not January 22, 2021
  • The “MMT & Developing Countries” Criticism January 16, 2021
  • A (very) oblique history of MMT, Part III: (Blogs, Mitchell etc.) January 14, 2021
  • The Myth of Hyperinflation January 12, 2021
  • A (very) oblique history of MMT, Part II: (Co-Authors, Mosler etc) January 11, 2021
  • How the euro illustrates an important point on the origins of “money” July 14, 2020
  • Commodity exchange units-of-account almost certainly predate 3500 BC temple state-money. Neoclassical Econ is still nonsense. July 13, 2020
  • A (Very) Oblique History of MMT (Wray, Institutional Econ, & other ramblings): Part I May 27, 2020
  • Do Economists Dream of Electric Gödel Machines? May 23, 2020
  • Airplane crashes aren’t “hyperlandings”: Notes on Zimbabwe April 30, 2020
  • Economic articles, links to hard to find PDFs etc. April 20, 2020
  • 1000 Castaways, MMT & Ecological Economics: A Review by Prof. Phil Lawn February 28, 2020
  • The “barter story” is about the ABSENCE of barter. Clarifying an earlier post. January 18, 2020
  • AUSTERITY IN A TIME OF PLENTY: The “domestic default” boogeyman = More bad statistics from Reinhart & Rogoff November 28, 2019
  • THE RHETORIC OF GRAEBER’S “MYTH OF BARTER” (& the likely early role of commodity-exchange in credit- & State-money development) October 29, 2019
  • The Guernsey £: A Pirate’s Tale October 1, 2019
  • The Autocorrelation of Hyperinflation (about 7 events, not 58) May 24, 2019
  • Book free on Amazon for 48 hours! (Kindle) March 31, 2019
  • Crusoe gets excellent advice from Friday :) February 8, 2019
  • 1000 Castaways, Additional Material (Chapter 5) February 6, 2019
  • 1000 Castaways, Chapter 5: The Real World, System Two February 5, 2019
  • 1000 Castaways, Chapter 4: The Real World, System One February 5, 2019
  • 1000 Castaways, Chapter 3: Balancing the Two Systems January 24, 2019
  • 1000 Castaways, Chapter 2: System Two January 20, 2019
  • 1000 Castaways, Chapter 1: System One January 18, 2019
  • Wall Street Journal article and the “Database of Sovereign Defaults” January 16, 2019
  • 1000 Castaways: Introduction January 14, 2019
  • 1000 CASTAWAYS: Fundamentals of Economics January 14, 2019
  • MMT & the Fourth Spark Plug: Descriptive vs. Prescriptive revisited November 14, 2018
  • Decouple Spending From Bond Sales November 13, 2018
  • The Myth of the Currency Hierarchy November 8, 2018
  • Kelton Shouldn’t Have Ceded This Point To Noah September 26, 2018
  • This blog is a holding place for when I am out of China, my site may migrate here December 20, 2012

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