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Adapting Monopoly to Understand Modern Money

posted by Dopefish on Saturday March 01 2014, @10:30AM   Printer-friendly
from the pass-go-and-collect-$200 dept.

buswolley writes:

"Is the United States or the EU really too poor to afford to build the things each needs to maintain prosperous nations? Modern Monetary Theory (MMT) posits that America is not too poor in real resources to do the things it needs to do, and now proponents of the theory have adapted the rules of the classic board game Monopoly to demonstrate their case. For those that do not know what modern monetary theory is about, a suitable primer on the topic might be Warren Mosler's Seven Deadly Innocent Frauds of Economy Policy or Diagrams and Dollars, either as a book on Amazon or on-line for free at NewEconomicsPerspectives.org.

While the Modern Monetary Theory perspective tends to elicit disbelief and even rage, I think it is important for any scientist and geek to weigh the evidence carefully, and by doing so understand better about how and why money is created and destroyed."

 
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  • (Score: 3, Interesting) by TheloniousToady on Saturday March 01 2014, @11:27AM

    by TheloniousToady (820) on Saturday March 01 2014, @11:27AM (#9132)

    Those of you who are fans of Modern Monetary Theory might enjoy The Monetarian's Song [grantgriffin.com], which is an ode to Alan Greenspan (written before the late economic unplesantness.) It's a parody of the famous Major-General's Song [wikipedia.org] by Gilbert and Sullivan. Pay close attention to its intricate triple-rhyming, which (I'm told) its author is quite proud of.

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  • (Score: 2, Funny) by Anonymous Coward on Saturday March 01 2014, @12:32PM

    by Anonymous Coward on Saturday March 01 2014, @12:32PM (#9153)

    And those of you who are fans of Monopoly might enjoy this Monty Python classic [youtube.com]