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1971 Bretton Woods - Nm

Posted: Aug 3rd, 2019 - 6:50 am In Reply to: The govt isn't authorized to spend w/o limited, there's AIS8 - and the plethora of other amendments

No gold standard

We believe that this group has the potential to establish an international
standard for the presentation and analysis of economic data.

Several of the fundamentals are Post Keynesian…

Deposit money is endogenous
Central Banks set short term rates exogenously
Deposits exist solely as the result of loans

Extension of these fundamentals includes…

Internal sovereign debt functions as interest
rate support
Taxes create a demand for the goverment’s
currency
Fiat currency is defined exogenously

Conference Moderator……..Warren B. Mosler

https://www.gold.org/about-gold/history-of-gold/bretton-woods-system

LINK/URL: 1971 Bretton Woods

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  - 1971 Bretton Woods - Nm