Zap test, please stand by...…...

FWIW I went deep on central banking, monetary operations and modern monetary theory a few years back. I read most of the works by George Selgin and Larry White, plus recently, @Lyn Alden ‘s most excellent book ‘Broken Money’. I am using ChatGPT to refresh my learnings and sharing the…...

How a Bank Loan Create More Money A bank loan puts more money into the financial system by creating new money through the process of credit creation. Here’s how it works: The Loan is Issued When a bank approves a loan, it does not pull existing money from its…...

Very cool - I need to implement this asap for #nostr #safebox…...

Pay by Zap > Pay by App…...

The Origin of Modern Monetary Theory: Warren Mosler’s Insight at the Italian Treasury In the late 1990s, Warren Mosler, a former Wall Street financier turned economic thinker, found himself in Italy, engaging with officials at the Italian Treasury. Mosler was on a mission to understand the intricate workings of…...