Modern Monetary Theory: Something Old, Something New, Something Borrowed, Something True

Jay OwenReforming Global Finance, Beyond GDP

“Ethical Markets highly recommends this discussion on Modern Monetary Theory (MMT), which underlies the current Congressional debate over the Biden:

“Build Back Better“ plans to invest in our US future!

Most politicians are still ignorant on the basic politics of money-creation, credit-allocation and the difference between sovereign issuers of money and others who must use it. See our TV special “THE MONEY FIX” , distributed to most PBS stations and free on demand at www.ethicalmarkets.tv  and all our reviews of recent books on all these issues on our Books & Reviews page at www.ethicalmarkets.com

Hazel Henderson, Editor“

 

Modern Monetary Theory: Something Old, Something New, SomethingBorrowed, Something True

 

Date: Monday, 27 September 2021

Time: 15:00 – 15:45 BST

 

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Background: Warren Mosler is known for his writings on Modern Monetary Theory (MMT), a description of the way fiat money is originated and utilized in modern economies. His previously unorthodox views have now gained a substantial following among financial professionals and academics along with participants in internet discussion groups. In this webinar, Warren will discuss Modern Monetary Theory’s contributions to our understandings of sequence, inflation, unemployment and interest rates and their implications for the future as world economies recover from covid-19.

Speaker:

 Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory. Presently, Warren resides on St Croix, in the US Virgin Islands, where he owns and operates Valance Co. An entrepreneur and financial professional, Warren Mosler has spent the past 40 years gaining an insider’s knowledge of monetary operations. He co-founded AVM, a broker/dealer providing advanced financial services to large institutional accounts and the Illinois Income Investors family of investment funds in 1982, which he turned over to his partners at the end of 1997. He is attributed with creating Mosler’s law that states, “there is no financial crisis so deep that a sufficiently large fiscal adjustment cannot deal with it.” In addition to his work in the field of economics, he developed (and later sold) his own automobile line, Mosler Automotive, responsible for producing the Mosler MT900 and the Consulier GTP. He also designed his own ‘tandem catamaran’ configuration that’s lightweight, fuel efficient, and eliminates the accelerations that cause sea sickness and that also cause boat hulls to fail. Mosler is the author of “The Seven Deadly Innocent Frauds of Economic Policy” that has been translated into Italian, French, German, Arabic, Polish, Chinese, and Spanish.

 

Chairman:

Professor Michael Mainelli FCCA FCSI(Hon) FBCS, Executive Chairman, Z/Yen Group, is a qualified accountant, securities professional, computer specialist, and management consultant, educated at Harvard University and Trinity College Dublin. Michael gained his PhD at the London School of Economics where he was also a Visiting Professor of Innovation & IT. Michael is Emeritus Professor, Fellow, & Trustee at Gresham College where he created the London Finance initiative asking “when would we know our financial system is working?” His third book, The Price Of Fish: A New Approach To Wicked Economics And Better Decisions, won the Independent Publisher Book Awards Finance, Investment & Economics Gold Prize. Michael is an Alderman and Sheriff of the City of London 2019-2021.

 

 

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