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.



Conversations & debates between experts from a range of disciplines.

Topic Directory

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


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


Mission & Values

Why we exist, and what we care about.

Upcoming Events

Calendar of chapter meetings & symposia.


How the MMN is structured & governed.


Frequently Asked Questions



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.


Taking Money for Granted

Pedagogical Issues in Law and Economics
Watch live streaming video from clsit at
Oct 8, 2013

This seminar will explore the current state of legal orthodoxy surrounding the social technology known as “money,” and the impact of prevailing beliefs about its functioning on legal education and the law school experience more generally.


Credit as Contract

Understanding Money Markets
Watch live streaming video from clsit at
Sep 30, 2013

This seminar will examine the relationship between money markets, and contract and payments law.


Central Banking in Theory and Practice

Sep 23, 2013
Watch live streaming video from clsit at

This seminar will explore the relationship between the theoretical and legal design of central banks and their real-world actions.


The Law-Money Nexus

This series examines the legal architecture underpinning monetary and financial systems in order to better understand the dynamic relationship between law, money and the economy.


Money Machines

This series examines the tools, technologies and systems that drive and shape the forces of money and finance in the twenty-first century economy.


Money as a Hierarchical System

Legal and Economic Perspectives
Sep 12, 2013

This seminar will examine the hierarchical power relationships generated and continuously affected by the legal and economic design of the monetary system.


Macroeconomic Policymaking for Small, Open Economies

An Australian Perspective
May 31, 2013

This seminar explores a number of pressing macroeconomic issues, including federal budget, the national debt, and unemployment, from the perspective of the Australian economy.


Monetary Policy Implementation

Some Facts and a Monetary Myth
Oct 1, 2013

This seminar will explore the operational dynamics and policy mechanisms of contemporary monetary policy.


Complementary and Social Currencies

Towards Monetary Pluralism
Dec 4, 2013

This event explores the historical and contemporary evolution and function of complementary and social currencies, and their political and economic implications.


MMx Seminars

The MMx initiative supports network participants and institutional affiliates to develop, organize, publicize and share local learning events, including seminars, debates, panels and reading groups. MMx Seminars use the same format as our annual flagship “Money” series, with a topic theme, multiple speakers, and audience participation.


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