Modern Money Theory: A Simple Guide to the Monetary System

by Dirk Ehnts

This book explains how central banks, banks and governments create money. Written in an accessible style, this book provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as economic policy to achieve macroeconomic goals, such as price stability, full employment and sustainable use of resources. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.

Genres: Economics

138 pages, Hardcover

Published April 6, 2024

Reviews

[Jimg · Rating 5 out of 5]

MMT IS Basic To Understanding Macroeconomics

Modern Money Theory, both the discipline and this book, clearly describe how and why the federal government spends our money -- into existence. It only makes sense. How could it be otherwise and where else could US dollars come from? Taxes certainly do not create them. But taxes do create demand for the dollars the government issues. This type of book should be required text for all college Econ 101 courses.

[Alex · Rating 4 out of 5]

Fairly compelling in its core explanations of how modern monetary systems work, though occasionally lacking in explanatory details and could have used a bit more editing polish. Still worth reading, as there are few serious texts on this topic.