ABMLP-XE

ABMLP-Extended-(X) and Enhanced(E)

"... the world's problems of which are serious will not be solved by market forces alone or even principally by them. Something else has to be done."

Wynne Godley, Interview on the life and work of Wynne Godley. Filmed in May 2008 by Alan Macfarlane and edited by Sarah Harrison. Apollo - University of Cambridge Repository. http://www.dspace.cam.ac.uk/handle/1810/198374 Part 2, [01:03:10 - 01:03:30].

This fascinating interview concluded shortly after Wynne Godley made his thought-provoking statement, meaning he unfortunately never spoke in this interview on what else he thought had to be done. A new, simplified or updated core monetary system perhaps? I'll never know.

The latest model strives to be a highly-simplified interpretation of the current institutional and accounting arrangements of the English government money system. Generic term-defined money instruments are issued at interest. ABMLP-XE supersedes ABMLP-X's conventional gilt-based framework. The operational flow and logic of ABMLP-XE is a purely conceptual exercise - not expected to ever be a highly simplified representation of a real-world UK monetary system. Nevertheless, the system's development and new(ish) instrument structures might still hold value and interest.

Two AI-created podcasters have both a brief and slightly wonky longer summary discussion about bond vigilantes and ABMLP-XE.