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Adapting Monopoly to Understand Modern Money

posted by Dopefish on Saturday March 01 2014, @02:30PM   
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."

• Re:May be bad example (Score: 1, Insightful) by Anonymous Coward on Saturday March 01 2014, @05:56PM

  by Anonymous Coward on Saturday March 01 2014, @05:56PM (#9174)

  That tends to happen in real life as well. It just takes longer. And the 'winners' die before that point often too.
  
  Let us all live long enough to finish our current game. And it would end pretty much the same way. One with everything. Everyone else with nothing but still working.

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