Conrad Neil @Radman622 (And any others. :=)) )
I have never tried to list URLs like this before. I hope I haven't left you with a copy and paste chore.
No attempt has been made to put these in any particular order.
I think it is vital that we, as in We The People, gain a general knowledge of how our financial system actually works. If this theory does, in fact, model our system, then we are making really bad decisions. I have seen no examples where, when this model is applied, the outcome wasn't as predicted.
Conrad Neil asked in a Twit about the need to control inflation. As you read through all of this , and I hope many of you do, remember that a "Deficit Owl" understands that the ability to "print" all the money you want doesn't mean you do not exercise restraint. We have two major economic controls: 1. Deficit - the accelerator and 2. Taxes - the brake. Coordinate these to achieve three things: 1. Slight inflation, 2. Zero unemployment, and 3. Full production.
Essentially, the deficit is used to inflate the currency some by getting more in the public hands. More in public hands means an increase in demand. An increase in demand will pull on production and start increasing supply. An increase in production will mean a decrease in unemployment.
As to supply siders who think pushing on the string will increase demand, I suggest there is a great opportunity for a snowplow distribution system in Florida.
Oh, Deficit Owl, a term coined by Dr. Stephanie Kelton. Her Twitter handle is @deficitowl and is well worth following. And so is the tag #MMT.
! MMT Bibliography