Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.
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1 The Basics of Macroeconomic Accounting
2 Spending by Issuer of Domestic Currency
Banking and Central Banking
4 Fiscal Operations in a Nation That Issues Its Own Currency
5 Modern Money Theory and Alternative Exchange Rate Regimes
What Should Government Do?
7 Policy for Full Employment and Price Stability