Money provides liquidity services through a cash-in-advance constraint. The exchange of commodities and assets extends …

Money provides liquidity services through a cash-in-advance constraint. The exchange of commodities and assets extends …

. The paper shows that the Modern Money Theory approach is particularly useful as a starting point for framing that …This paper argues that the usual framing of discussions of money, monetary policy, and fiscal policy plays into the … more generally. To put it the way that economists usually do, money "lubricates" the market mechanism-a good thing, because …