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MMT101.ORG - Learn Modern Monetary Theory (MMT)

Jim Byrne - MMT101.ORG

For people who believe we can build a fairer, greener world by understanding how our monetary system works

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Latest Issues

Understanding Inflation: Five Steps Separating Myth from Reality

By Bain News Service, publisher - Library of Congress Catalog Public Domain

In this article, we will be learning about inflation: what it is, what causes it, what the appropriate responses are, and what the myths around it are that need to...

10 days ago
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John T. Harvey on Business Cycles and How to Reduce the Damage of Recessions

Today I’m chatting to my favourite economist - and one of my favourite people - Post Keynesian and Institutionalist economist John T. Harvey.

John is Professor of Economics at Texas Christian University, editor of the World Economic Revie...

17 days ago
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4

The Bond Market Doesn’t Fund the UK Government – Here Is the Legal Proof

London’s Financial District

Following on from last week’s piece, which was an introduction to central bank reserves, in this week’s article I continue my examination of the financial machinery of the UK Government.

This text sets out the...

24 days ago
15
9

How would the UK Government spend if it knew how the monetary system actually worked?

Jim Byrne - MMT101

This text was originally part of an article I was writing to explain the mechanics of government spending: an article in which I unpick the myth that UK government deficits are funded by ‘borrowing’ from the private sect...

24 days ago
10
2

Introduction To Central Bank Reserve Accounts

Introduction to Central Bank Reserve Accounts

In preparation for my workshop on central bank reserves, I thought it would be useful to cover that topic in this week’s article.

We can’t understand the monetary system - and specifically we...

a month ago
23
27

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  • Jim Byrne - MMT101.ORG

    For people who believe we can build a fairer, greener world by understanding how our monetary system works

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