This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her … means-of-payment function of money, that it considers money as a pure asset, that it does not distinguish between inside and … outside money, and that it does not distinguish between money and the monetary base. Second, Drumetz/Pfister (2021) falsely …

money, the private sector necessarily realizes savings, in the form of either government bond purchases or, if a default is … feared, “acquisitions” of new money. …

inflation, arguing that relying on high interest rates is misguided and causing unnecessary pain. Modern Money Theory provides …1. The Basics of Modern Money Theory -- 2. The Basics of Macroeconomic Accounting -- 3. Spending by Issuer of Domestic … Own Currency -- 6. Tax Policy for Sovereign Nations -- 7. Modern Money Theory and Alternative Exchange Rate Regimes -- 8 …

generate changes in the money supply with the aim of stabilizing output at full employment. He believed that the economy is … inherently unstable because of endogenous movements in money supply under a fractional-reserve banking system. In her work, Anna … show how the joint work of Friedman and Schwartz from 1948 to 1958 led Friedman to view money as the "primary mover" in the …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …

The mechanism-design approach to monetary theory is the search for fruitful settings in which money is necessary for …