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Geoff Coventry
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46 followers
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Modern Money Basics web site up and running - coming soon, an easy-to-understand visual overview of how modern currencies work. http://modernmoneybasics.com/

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Modern Money Basics Video


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Recent Posts
I have recently been writing blog posts for the Patriotic Millionaires , a group committed to addressing in equality in our economy and political process. These blogs are all cross-posted to the Huffington Post and are listed here  for easy reference.

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Ending Fiscal Stimulus: A Case For Sensible Fiscal Policy
Whenever the economy isn’t doing so well, the talk inevitably turns to fiscal stimulus. This usually means proposals for some kind of infrastructure improvements – often long overdue – and a preference for so-called “shovel-ready” projects that are intended...

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Taxes. Can't live with 'em. Can't live without 'em.
The question of taxation boils down to how much and from whom should the government take back out of the economy  after  it spends. It is a critical question of public purpose, morality, and economic stability. The problem is that we're asking the wrong que...

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Modern Money: The Basics
Money is a wonderful human invention – perhaps one of our greatest. Most nations' have a monetary system designed to provide for private commercial needs, but also, simultaneously, to enable governments to access sufficient resources to create safe, just an...

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You know you understand modern money when...
Some people can smile at the future when others frown and cower. Some people can see solutions when others see only problems.  Sometimes it's a simple as changing your perspective; of learning something you didn't know. You know you understand modern money ...

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Money Myth 8: Too much government "debt" will eventually cause interest rates to rise.
FACT: For sovereign currency-issuing nations , the interest rates on government-issued securities are actually set by and are under the control of their Central Bank.  There is a prevailing fear in the US that the trillions of dollars of outstanding governm...

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Money Myth 7: Social Security and Medicare are unfunded liabilities that we cannot afford.
FACT: A currency-issuing nation can always afford any obligation denominated in its own currency. Many of us have grown up hearing politicians and pundits telling us repeatedly that these future obligations to seniors and the sick are huge burdens that we c...

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When good analogies go bad
We've all heard it.  "If I ran my business like the government I'd be bankrupt".  It sounds so intuitive; so moral. It would be irresponsible for a government to keep spending more than is earns. And for many governments, it really is true - all those citie...
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