The Modern Money Network (“MMN,” pronounced “Ma-Mo-N,”) aims to bring accurate and accessible knowledge of monetary and financial systems to the broader public.
What is money?
How does money work?
We approach macroeconomic issues as legal realists, asking two critical questions: What is money? and How does money work?
Our symposia and learning materials promote the insight that the US Government, along with other governments with fiat currencies and floating exchange rates, cannot “go broke.” That is, such governments face price stability constraints, but not solvency constraints per se. Thus there is no macroeconomic reason for current austerity measures.
Modern Money for Public Purpose
We are committed to the creation and improvement of monetary and financial institutions governed by the public and directed in support of public purpose. We believe in the universal, enforceable and inalienable right of every person to participate in economic life in a manner consistent with basic principles of justice, fairness, equality and dignity.
Who We Are
Student-run and student-conceived, the Modern Money Network welcomes all who are curious about how money works, and how our monetary and financial systems can be improved. Our network includes students, scholars, lawyers, artists, & technologists.