Updated proposals to eliminate 85% of the financial sector:
1) Permanent 0 rate policy
2) Eliminate tax incentives for saving
3) Require public companies offer unlimited shares at 10% above current market value
4) Full bank deposit insurance and unsecured overdrafts at the Fed
Must read. In one interview Michael Hudson identifies the root of today's grossly unfair, unstable economy and sums up almost everything I've been clumsily trying to get across on this site over the past couple of years. Please share. https://t.co/OfwOG8A7UQ
金利政策の歴史に関するECBのワーキングペーパー、とても面白いワンよ。
THE OPERATIONAL TARGET OF MONETARY POLICY AND THE RISE AND FALL OF RESERVE POSITION DOCTRINE
by Ulrich Bindseil
https://t.co/8U7BLxE7ba
@FiatSocialist It was a responder in Bill's blog that started calling it MMT and it spread. None of us liked it much, but it took on a life of its own and we went with it.