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Modern Money : The State Can Do It
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Overview
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Background information15 Topics
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1. What is fiat money and why is it so stable?
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2. What are the advantages of a fiat currency and what are the limits?
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3. Why do we have two kinds of money and why are private banks allowed to make money?
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4. How does deposit money emerge through lending? And how does it disappear again?
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5. Is the bank rich because it can create an unlimited amount of deposit money?
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6. If there are two separate monetary cycles – how does government spending make its way into the real economy?
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7. What role do government bonds play in deficit spending?
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8. What does the government's money creation look like in the simplest case? For example, in Canada?
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9. From Canada to the Eurozone – is government money creation really that easy?
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10. How does the vulnerable Eurozone manage the COVID-19 crisis?
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11. Why are government debts not comparable to other debts?
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12. Do public debts need to be repaid? Should they be repaid?
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13. When does inflation rise? And why is deflation a problem?
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14. What is the neoclassical take on this topic? And why does credit money make such a big difference?
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15. More about Modern Monetary Theory?
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1. What is fiat money and why is it so stable?
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Endnotes
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Glossary
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Resources for further study
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References
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Interactive learningDeepen your knowledge1 Quiz
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Training materialExercises for group activities3 Topics