Chevan Nanayakkara

  Table of Contents Introduction Understanding Our Current Currency System Dollar Pricing in Global Trade Treasury Securities: Managing Banking Reserves Understanding Inflation in a Fiat System Public Money and Private Markets The Purpose of Taxes in a Fiat System Lessons from the Pandemic Response Conclusion References Introduction After publishing my analysis of how Congressional underspending…

Table of Contents Introduction The Birth of Modern Money: From Gold to Fiat Currency The Bretton Woods Era The 1971 Transformation Why This History Matters Conventional Wisdom: Neoclassical Economics and the Persistence of Debt Trap Narratives The Root Cause: Congress Still Budgets Like We’re on the Gold Standard The Real Costs: What Are We Missing…

As I relaunch this blog, I thought it would be both fun and insightful to begin with an exploration of the different schools of economic thought. Economics, as a science and a system for predicting and explaining behavior, has evolved over centuries. Since the 1970s, the United States—and much of the world influenced by its…