LECTURE 1 – AN INTRODUCTION TO MODERN MONEY THEORY (Institute of Economics, Campinas, Unicamp, August 7th, Minsk2018)
In this lecture, that is the first one in the Course of Modern Money Theory, Professor L. Randall Wray presents an overview of this theory and deals with the following topics: 1) the origins and nature of Money; 2) the role of the State; 3) the role of taxes; 4) sovereign currency and 5) can government run out of Money? According to the answers he gives to these questions, Professor Wray concludes that the only economic constraint government faces are full employment of resources and inflation. All the other constraints are political.
Wray, L. Trabalho e Moeda Hoje: a chave para o pleno emprego e a estabilidade dos preços.
(Understanding Modern Money: the key to full employment and price stability). Editora
Apresentação PPT: https://goo.gl/aiSTtH
Imagens: Alexandre Motta