Events
Browse MMN events below.
Feb 23, 2017
In an age of corporate megabanks with trillions of dollars in assets, it is easy to forget that America’s banking system was originally created as a public service. Banks have always relied on credit from the federal government, provided on favorable terms so that they could issue low-interest loans. But as banks grew in size and political influence, they shed…
Feb 17, 2017
Livestream video link here. In recent decades, state and local criminal justice systems across the country have become increasingly reliant on revenues generated through onerous fines and fees. Especially for poor, splintered municipalities that lack much of a permanent tax base, these monetary sanctions have been seen as an attractive alternative to progressive taxes on income and property. But governments’ increasing…
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…
Jan 25, 2017
An event organized by Red MMT España and Rete MMT Italia, to discuss austerity, public spending, and the role of a transitional jobs program in addressing unemployment in southern Europe. Format Introduction: Stuart Medina Miltimore, Economist, Red MMT España Panel 1: THE ROLE OF THE STATE AS ARCHITECT OF THE FUTURE AND FUNCTIONAL FINANCE Pavlina Tcherneva, Professor of Economics, Bard…
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,…
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…
Apr 6, 2016
Morgan Ricks, Associate Professor of Law at Vanderbilt and a senior policy adviser at the US Treasury Department from 2009-10, speaks about his new book, The Money Problem: Rethinking Financial Regulation. Professor Ricks argues that financial instability is primarily a problem of monetary system design and offers a novel take on shadow banking. A preview of the book, including the introduction, is available here.
Dec 1, 2015
Paul McCulley, Warren Mosler, & Frank Newman discuss central banking in the post-2008 era. This seminar explores the evolving functions, responsibilities, and theoretical frameworks of central banks in the post-2008 era. Questions to be addressed include: What is the relationship between central bank institutions and sovereign state power? What role do international swap lines play in the future of global…
Nov 16, 2015
This seminar will explore the operational and technical dynamics of payments systems, and their interaction with the monetary and financial system more broadly. Questions to be addressed include: What are the functions of a payments system? What do payments systems have in common, and how do they differ? What are the core dynamics of the contemporary global payments system? Who benefits and…
Oct 29, 2015
This seminar will explore the role of money in the political process, focusing in particular on how different campaign finance mechanisms facilitate and/or hinder the authentic expression of democratic will. Questions to be addressed include: What is political corruption? How does it manifest itself today through the two-party electoral system? How have monetary and electoral systems shaped each other throughout history? What is…
Oct 22, 2015
Bearish investors have long predicted that the Fed’s bond buying would spur inflation and devalue the dollar. But since the 2008 financial crisis, neither prediction has come true. What gives? This seminar explores the nuts and bolts of monetary operations, and the extent to which how the Federal Reserve’s policies do (and do not) impact inflation, the economy, and the U.S. fiscal deficit.…