Michel, et al, I have done a check on the p2pfoundation site, and it appears that Chartalism is not present yet it is an important form of monetary reform. It is often known nowadays as Mondern Monetary Theory, or MMT. There has been some data on it already on the discussion group, but the wikipedia entry could in full, or in part go on the p2pfoundation site if desired.... http://en.wikipedia.org/wiki/Chartalism Essentially, it believes that governments should create "enough" new non-repayable money to fund social, economic, and political concerns. Taxation is seen as a means of reducing inflation as opposed to raising revenues in the conventional manner. R.S.
Robert, what you are describing as chartalism is more correctly a description of the MMT discourse, of which I am an advocate. Chartalism more accurately refers to the origin of currency as a "chartal" or token of value. The MMT is not just another discourse regarding economics. It integrates macro-economics, monetary issues, and functional fiscal policies. Functional fiscal polices include setting full employment as a functional goal, rather than a political slogan to be abandoned after the count. MMT advocates are sometimes described as chartalists, due to recognizing currency as tokens of value. Tadit On Wed, 21 Sep 2011 09:20:52 -0400, robert searle <[email protected]> wrote:
Michel, et al, I have done a check on the p2pfoundation site, and it appears that Chartalism is not present yet it is an important form of monetary reform. It is often known nowadays as Mondern Monetary Theory, or MMT. There has been some data on it already on the discussion group, but the wikipedia entry could in full, or in part go on the p2pfoundation site if desired.... http://en.wikipedia.org/wiki/Chartalism Essentially, it believes that governments should create "enough" new non-repayable money to fund social, economic, and political concerns. Taxation is seen as a means of reducing inflation as opposed to raising revenues in the conventional manner. R.S.
I have created an entry on chartalism, but it would be nice to have one specifically on MMT as well, Michel On Thu, Sep 22, 2011 at 2:01 AM, <[email protected]> wrote:
Robert,
what you are describing as chartalism is more correctly a description of the MMT discourse, of which I am an advocate. Chartalism more accurately refers to the origin of currency as a "chartal" or token of value. The MMT is not just another discourse regarding economics. It integrates macro-economics, monetary issues, and functional fiscal policies. Functional fiscal polices include setting full employment as a functional goal, rather than a political slogan to be abandoned after the count. MMT advocates are sometimes described as chartalists, due to recognizing currency as tokens of value.
Tadit
On Wed, 21 Sep 2011 09:20:52 -0400, robert searle <[email protected]> wrote:
Michel, et al, I have done a check on the p2pfoundation site, and it appears that Chartalism is not present yet it is an important form of monetary reform. It is often known nowadays as Mondern Monetary Theory, or MMT. There has been some data on it already on the discussion group, but the wikipedia entry could in full, or in part go on the p2pfoundation site if desired.... http://en.wikipedia.org/wiki/Chartalism Essentially, it believes that governments should create "enough" new non-repayable money to fund social, economic, and political concerns. Taxation is seen as a means of reducing inflation as opposed to raising revenues in the conventional manner. R.S.
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Michel Bauwens -
robert searle