Modern
Monetary theory (MMT) has shown how modern monetary systems actually work. It
has shown  that governments that issue
their own currency, such as the US, can never run out of money or be forced to
default on debt issued in their own currency. It has also demonstrated that
government spending t
Modern Monetary theory (MMT) has shown how modern monetary systems actually work. It has shown  that governments that issue their own currency, such as the US, can never run out of money or be forced to default on debt issued in their own currency. It has also demonstrated that government spending to stimulate the economy is logical and that the resulting deficit is irrelevant - the government always has the monetary means to eliminate it. This directly contradicts neoliberal doctrine that wants to limit government spending and posits that deficits destabilize the economy. Neoliberalism often constitutes a 'worldview' and 'personal identity'. Those who hold such strong beliefs cannot be persuaded to abandon them using rational arguments and facts - psychological reasons usually impede it as research has shown. The worldwide dominance of the doctrine, vested interests and psychologically grounded opposition suffocate MMT and rational arguments showing its superiority are seemingly of no avail. 

Practicing modelling by building a personal financial model.
Practicing modelling by building a personal financial model.
A causal loop diagram illustrating a subset of variables influencing business problems related to transitioning and stabilization of MVS.    Inherent in the diagram is a representation of a well-known system dynamics archetype:  shifting the burden , represented in the interplay between the B1, B2,
A causal loop diagram illustrating a subset of variables influencing business problems related to transitioning and stabilization of MVS.

Inherent in the diagram is a representation of a well-known system dynamics archetype: shifting the burden, represented in the interplay between the B1, B2, and R3 loops.
Model-SIM from chapter 3 of Wynn Godley and Marc Lavoie's  Monetary Economics.  Simplest model with government money that is also stock-flow consistent.
Model-SIM from chapter 3 of Wynn Godley and Marc Lavoie's Monetary Economics. Simplest model with government money that is also stock-flow consistent.
5 10 months ago
Nastiňuje vlivy financí a školních výsledků na školáka
Nastiňuje vlivy financí a školních výsledků na školáka
This framework can be used to evaluate the sustainability of a country's debt profile. The dynamics generated are based on the interaction and feedback between a government agent, a rating agency and the financial market in a stock-flow consistent manner.
This framework can be used to evaluate the sustainability of a country's debt profile. The dynamics generated are based on the interaction and feedback between a government agent, a rating agency and the financial market in a stock-flow consistent manner.
Nastiňuje vlivy financí a školních výsledků na školáka
Nastiňuje vlivy financí a školních výsledků na školáka
Neoliberalism
uses a deceptive narrative to declare that money the government spends into the economy in excesses of the taxes it collects creates a ‘government debt’.
In fact, the money the government spends into the economy in excess of the
taxes is an income, a benefit for the private sector. Whe
Neoliberalism uses a deceptive narrative to declare that money the government spends into the economy in excesses of the taxes it collects creates a ‘government debt’. In fact, the money the government spends into the economy in excess of the taxes is an income, a benefit for the private sector. When the government issues bonds, the money the private sector uses to buy them via banks comes from a residual cushion of dollars that the government already spent into the economy but has not yet taxed back.  If this were not the case, if the government had taxed back all the money it spent into the economy, then the economy could not function. There would be no dollars in the economy, since the government is the sole supplier of U.S. dollars! In the doted rectangle in the graph you can see that the dollars paid to the government for bonds sits in a dollar asset account. When the government issues bonds it simply provides the public and institutions with a desirable money substitute that pays interest i.e. Treasury bonds. It is a swap of one kind of financial asset for another. To register this swap the government debits the dollar asset account and credits the bond account.  When the time comes to redeem (take back) the bonds, all the government does is revers the swap, and that’s all!  When you look at the total amount of finacial assets in the private sector,  these remain constant at $ 25 BN  after the payment of $ 5 BN taxes. This implies that  no lending of financial assets of the private sector to the government has taken place during the swap operation. The money was always there. The debt mountain is an illusion!
This is an insight about food-born pathogens and what factors are affected by it's outbreaks. This is a huge issue that is not very well-known. The pathogens in food has been increasing their resistance to antibiotics by mutations. Because we are generally using antibiotics more each day, the resist
This is an insight about food-born pathogens and what factors are affected by it's outbreaks. This is a huge issue that is not very well-known. The pathogens in food has been increasing their resistance to antibiotics by mutations. Because we are generally using antibiotics more each day, the resistance in these pathogens is growing more rapidly then it did before.
Causal loop diagram illustrating a variety of feedback loops influencing the price of oil.
Causal loop diagram illustrating a variety of feedback loops influencing the price of oil.
A model of some of the most important KPIs in a startup's business model.
A model of some of the most important KPIs in a startup's business model.
6 3 months ago
How to think about investing while managing risk and savings.
How to think about investing while managing risk and savings.
Just recently, there was a huge problem that ended about C8, a deadly chemical, that was poured into lakes and rivers by DuPont, a company that sold nylon. This chemical caused a huge consensus, many birth defects, and cows with green insides spraying blood from many places.
Just recently, there was a huge problem that ended about C8, a deadly chemical, that was poured into lakes and rivers by DuPont, a company that sold nylon. This chemical caused a huge consensus, many birth defects, and cows with green insides spraying blood from many places.
Simple causal loop diagram of a compound interest savings account.
Simple causal loop diagram of a compound interest savings account.
Nastiňuje vlivy financí a školních výsledků na školáka
Nastiňuje vlivy financí a školních výsledků na školáka
Simple causal loop diagram of a compound interest savings account in Dutch.
Simple causal loop diagram of a compound interest savings account in Dutch.
THE BROKEN LINK BETWEEN SUPPLY AND DEMAND CREATES TURBULENT CHAOTIC DESTRUCTION  The existing global capitalistic growth paradigm is totally flawed  Growth in supply and productivity is a summation of variables as is demand ... when the link between them is broken by catastrophic failure in a compon
THE BROKEN LINK BETWEEN SUPPLY AND DEMAND CREATES TURBULENT CHAOTIC DESTRUCTION

The existing global capitalistic growth paradigm is totally flawed

Growth in supply and productivity is a summation of variables as is demand ... when the link between them is broken by catastrophic failure in a component the creation of unpredictable chaotic turbulence puts the controls ito a situation that will never return the system to its initial conditions as it is STIC system (Lorenz)

The chaotic turbulence is the result of the concept of infinite bigness this has been the destructive influence on all empires and now shown up by Feigenbaum numbers and Dunbar numbers for neural netwoirks

See Guy Lakeman Bubble Theory for more details on keeping systems within finite working containers (villages communities)