A new look at the Velocity of Money, what it can tell us about the structure of the payment system, and what it might mean for a more sustainable approach to economic growth.| ebuchman.github.io
Modern Monetary Theory is refocusing economics on an important set of ideas: monetary sovereignty, the resource constraint, and a basic jobs program. There are curious parallels to cryptocurrencies. But MMT still has some ways to go to become the ecologically and socially sound theory of money we so desperately need| ebuchman.github.io