John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …. Kregel ; Chartalist ; Modern Money Theory ; State Money ; Credit Money ; Default …

at the cost of suppressing the role of banks as lenders. A Central Bank Digital Currency (CBDC) could provide safe money … recent literature on CBDCs, in this study we propose what we call the "CBDC next-level model," whereby the central bank … creates money by lending to banks, and banks on-lend the proceeds to the economy. The proposed model would allow for deposits …

the law. Democratizing money will therefore ensure equal opportunity to the ownership of property, and thus full … capital via the creation of money. If the divergence between capital and labor-between rich and poor-is explained by the … monopoly access of capitalists to finance, then reducing this divergence is crucially dependent on the democratization of money …

extreme policies such as a tax on cash holdings, which could conceivably drive rates deeply negative). Relentlessly mounting …

periods only, and have a clear, simple, certain exit strategy. The purpose is to prevent bank runs and money-stock collapses … using a credit - easing rather than a money stock-protection rationale - while deviating from others. Consistent with the … articulate an unambiguous exit strategy. Given that classicals demonstrated that satiating panic-induced demands for cash are …

of inflationary monetary financing rest upon inaccurate conceptions of the modern endogenous money creation process. This …