The Modern Money Network (“MMN”) aims to bring accurate and accessible knowledge of monetary and financial systems to the broader public.

Our symposia bring together students, scholars, professionals and members of the public to discuss, debate and refine ideas about money. Our work combines insights from a range of fields, including law, political economy, finance, history, sociology, anthropology, technology and systems theory.

Our first two seminars, The Historical Evolution of Money and Debt and Governments Are Not Households, are a good introduction to the economic concepts our network promotes.

Learn

 Symposia

Conversations & debates between experts from a range of disciplines.

Topic Directory

Monetary & financial concepts explained, with annotated reading lists & other media.

 Publications

Bibliography of works relevant to the Modern Money Network’s research interests.

Network

Mission & Values

Why we exist, and what we care about.

Upcoming Events

Calendar of chapter meetings & symposia.

 Organization

How the MMN is structured & governed.

FAQ

Frequently Asked Questions

Community

Donate

Help keep us going.

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.


Symposium

Financing Criminal Justice

Panel at the 2017 Rebellious Lawyering Conference
Feb 17, 2017

Livestream video link here.

MMT Unemployment 0%

Jan 25, 2017
Symposium

Beyond Globalization

Prospects and Challenges for Sustainable Growth
Feb 2, 2017

The former Governor of the Bank of England, Mervyn King, once said that “banks are global in life, and national in death.” Nearly a decade after the onset of the Global Financial Crisis, international financial markets have roared back, but many national economies are still struggling. The top-heavy recovery has caused rolling regional political and humanitarian crises, prompting renewed criticism of the Washington Consensus model of privatization, deregulation, and austerity.

Symposium

Beyond Despair

Articulating a Bold, Progressive Vision for the 21st Century Economy
Jan 19, 2017

The economic policies championed by both major American political parties over the last forty years have produced widening inequality, stagnant growth, community decline, and individual despair and alienation. At the same time, the political upheavals of recent months have highlighted the urgent need for fundamental economic reform, and the creation of public institutions that restore individual dignity and prioritize justice, inclusion, and participation for all.

Symposium

But Can We Afford It?

Economic Priorities for the Next Administration
Dec 2, 2016

Following one of the most polarizing and contentious electoral cycles in modern memory, two former D.C. insiders will interrogate the public understanding of the federal budgeting process.

Symposium

Regulation and Stability in Brazil: New Perspectives

Monday April 11, 12:15pm - Room 103, Jerome Greene Hall, Columbia Law School
Apr 11, 2016

This seminar will explore the legal, political, and architectural challenges of building institutions that promote capital development without spurring instability or crisis. Presentations will focus on the case study of Brazil. Questions to be addressed include:

  • What are the current macroprudential and regulatory challenges facing emerging market economies, particularly Brazil?

  • How do development and financial stability goals intersect, and what policies have been advanced in the Brazilian context to address these dual concerns?

Symposium

Central Bank Machines

Instability, Independence, and Interest Rates
Dec 1, 2015

Paul McCulley, Warren Mosler, & Frank Newman discuss central banking in the post-2008 era.

Symposium

Electoral Machines

Politics, Corruption, and Campaign Finance
Oct 29, 2015

This seminar explores the role of money in the political process, focusing on how different campaign finance mechanisms facilitate and/or hinder democracy.

Symposium

Payments Machines

Digitalization, Disruption and Reform
Nov 16, 2015

Scott Fullwiler, Angela Walch, Will Ruddick & Brian King discuss payments systems.

Pages

Subscribe to The Modern Money Network RSS