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Soft Currency Economics II (MMT - Modern Monetary Theory Book 1)

4.07  ·  Rating details ·  67 ratings  ·  5 reviews
The author has been called "one the brightest minds in finance" CNBC 2010
Soft Currency Economics is the little book that could logically, in both real and nominal terms, legitimately challenge many of the core held beliefs of the mainstream classical and neo-classical schools of economics. It is a corner stone publication for the new, widely popular fresh approach to
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Kindle Edition, 95 pages
Published October 25th 2012
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Debbie Notkin
Jul 17, 2019 rated it really liked it
I am seriously trying to understand "modern monetary theory." A friend who is doing the same recommended this book to me, on the grounds that it is short and clear. It is short, and it is quite clear, but it was still a little over my head. I think it was helpful to me in grasping more of the basic concept (which is, very roughly, that governments that issue money must operate at a deficit, because the government deficit is what makes money circulate in the private sector). If the MMT theorists ...more
Cameron Mitchell
Fascinating read about reserve banking and what can be done. Ill have to re-read because of the content was vast but short.
Alex
Dec 04, 2017 rated it liked it
there are clearer explications out there
Keith Wheeles
May 05, 2019 rated it it was ok
Brief, breathless, long on claims and short on rigor. But this is an influential strain of thinking and it will likely leave a mark. 'This Time Its Different' (Reinhart/Rogoff) suggests that we don't really know what the limits of Public Debt/GDP are (they make some quantitative guesses). MMT seems to argue there are no limits. And while R/R wrestle with how large magnitude public debts are liquidated (either through inflation or default), MMT treats it as a residual that falls out - doesn't ...more
Robert J
Jun 06, 2019 rated it really liked it
Two thumbs up

Excellent for understanding how the current (2019) U.S. monetary system functions. Mr. Mosler's descriptions allow for easy understanding, especially for a novice like myself.
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