1000 Castaways: Fundamentals of Economics

A renegade band of Modern Monetary Theorists has overturned mainstream economics in part by emphasizing that there is not one, but two systems of modern money, the "vertical" and the "horizontal." They conclusively demonstrate how unifying our understanding of these is crucial for grasping modern economics.

"the key to understanding Modern Monetary Theory is this vertical-horizontal relationship"

(Warren Mosler)

1000 Castaways develops Mosler's statement into a concise, book-length treatmen...