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Modern monetary theory or modern money theory (MMT) is a heterodox [1] macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. [2]
The alternative to a commodity money system is fiat money which is defined by a central bank and government law as legal tender even if it has no intrinsic value. Originally fiat money was paper currency or base metal coinage, but in modern economies it mainly exists as data such as bank balances and records of credit or debit card purchases, [3] and the fraction that exists as notes and coins ...
The Lost Science of Money: The Mythology of Money, The Story of Power. USA: American Monetary Institute. 2002b. ISBN 978-1930748033. "The Lost Science of Money: A Solution to the States' Fiscal Crises". Speech at the U.S Treasury, 4 December 2003. American Monetary Institute. 2003
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Monetary economics is the branch of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions ( as medium of exchange, store of value, and unit of account), and it considers how money can gain acceptance purely because of its convenience as a public good. [1]
Zeitgeist: The Movie is a 2007 film by Peter Joseph presenting a number of conspiracy theories. [1] The film assembles archival footage, animations, and narration. [2] Released online on June 18, 2007, it soon received tens of millions of views on Google Video, YouTube, and Vimeo. [3]
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