Friday, November 17, 2023
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The Smith Family manga continues – Episode 5 is now available – William Mitchell – Modern Monetary Theory

Episode 5 in our new weekly Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …

The Smith Family are a middle-class family living in a city somewhere in the world. The second-generation parents are university educated and have professional occupations. Their two kids attend the local public school.

Note after Episode 6, the series will become fortnightly.

As the story gets more involved and the concepts traversed more complicated, the writing and artwork is more time consuming.

So for the second-half of Season 1, the series will be updated on a fortnightly basis.

In Episode 5, the Smith Family head to Kyoto for their holidays to spend time with Elizabeth’s best mate, Mariko Fujii and her husband Hiroshi.

Mariko and Elizabeth went to university together and have been friends ever since, sharing all their intimate thoughts, hopes and worries.

Hiroshi Fujii works at the Bank of Japan and knows Chris from the time when the latter was also working at his central bank handling swap arrangements between the respective banks.

Ryan is singularly unimpressed with the choice of holiday destination and let’s everyone know that.

The conversation ranges from whether the Japanese government is going to run out of money, Ryan’s conjecture (which is just repeating what Professor Noitawl keeps saying on the morning TV finance segment, and what actually constrains government spending.

Hiroshi helps Kevin understand the idea of real resource constraints, whereas Ryan just thinks any extra government spending means he will have to pay higher taxes.

I hope you are enjoying the unfolding story.

And if you think you resemble any of the characters then either continue spreading MMT knowledge or get our textbook and get up to speed, depending on which character you might identify with.

If you have any feedback we will appreciate it, other than ‘this sucks’.


That is enough for today!

(c) Copyright 2023 William Mitchell. All Rights Reserved.



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