ERA Blog

Creation and destruction of bank credit money

18 March, 2017

It is well known and understood that the nation’s money supply overwhelmingly consists of deposits within bank accounts of an intangible entity known as bank credit money. This form of… continue reading »


Federal Treasury finances: a functional perspective

17 January, 2017

Modern monetary theory (MMT) offers an analysis of the flow of money within our economy, and in undertaking this task it proceeds from some basic assumptions, including the propositions that… continue reading »


Paying for public services, in a monetary sovereign state

5 December, 2016

If our national Government was to spend more than the currently budgeted amount on your health care system next year, it would be good to know how they would finance… continue reading »