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

3.94  ·  Rating details ·  111 ratings  ·  12 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 see ...more
Lookout
Feb 24, 2021 rated it really liked it
Very short

Warren mister can communicate his knowledge in a clear way. Don't know if I buy what he sells. He demonstrates how money has changed from being based on gold to one being based on fiat it is not scary as it sounds. Money is a creature of the state being that money gets its' value from the fact u.s. requires taxes be paid in u.s. dollar. Warren Modeler argues hyperinflation is a risk but unlikely to happen soon. I t is a good start.
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Xiang Yang Ng
Jun 11, 2020 rated it really liked it
Shelves: non-fiction
A book about the MMT which is expressed from a perspective of a money manager. I think that the book lacks academic rigor and fails to reference history of other countries that have endured hyperinflation or currency default. That said, I considered the explanation of the workings of the Fed to be plausible and thus logical to describe his MMT theories, though I still have doubts about the latter.
Fred Lorenz
Apr 30, 2020 rated it really liked it
Interesting

Obviously a hedge fond manager figured it all out. And if one can say one truth about hedge fond managers: they are mosly extra ordinary smart! Yes I hate to say this, since I don’t like those professionals with red Ferrari‘s and huge Condos in major cities, but they are damn smart. So they must have something right here.
The good thing is, MMT, if used the right way, could be like quantitative easing for the less well off and might bring more justice to society.
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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Danilo Flechaz
Jan 22, 2021 rated it liked it
Libro muy breve sobre MMT. Recomendado por Kelton (2020), quien considera a Mosler como la persona que cambió su perspectiva sobre el déficit en economía. Si bien no es técnico, es denso teóricamente, especialmente en el funcionamiento entre las tasas de interés.
Stephen Hemingway
Apr 18, 2020 rated it really liked it
Probably doesn't pay enough attention to the role of interest rates, but worth a read. ...more
Nathan
Jan 27, 2021 rated it really liked it
I really wish I could grasp the discussion on financial institutions better. This is a book that will take years to really understand, but well worth the investment
Gordon Kwok
Jun 24, 2020 rated it really liked it
Great short book on the fiat monetary system and the myths about the deficit.
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