Modern Money Theory: The Basics
Here we go with the basics of MMT.
Let’s stop pretending that replacing a budget constraint with an inflation constraint is so hard.
Honest economists can be a great help to the world, unfortunately the orthodoxy is more concerned with defending their lofty station than finding solutions.
Calvinball is a mythical game without rules. Academic debates shouldn’t be a game of Calvinball.
The orthodox economic attack on MMT should be a ‘slam dunk’ – if orthodox economists were correct about MMT.
MMT is “obviously true” – the orthodoxy’s goal is to keep that truth from the public.
Why does it seem like there isn’t enough money to pay for the things we really need? Is it really true? Are we really too poor to put America back to work making and building the things we need to maintain a prosperous nation?
If progressives would just make the effort to inform themselves how a modern, sovereign fiat currency actually functions, they’d realize “paying for it” is actually the easiest part.