Orthodox economists do not examine how an economy operates instead using complex models making it inaccessible. Modern Monetary Theory examines the economy then simplifies it using clear language and the morality bias of law to describe MMT so everyone can understand macroeconomics.
This is about as low as a political party in its unmitigated desire for power can get.
After over 25 years of Winter it is time to jump start Spring by adopting policies that recognize our economic potential.
People often dismiss economic conversations assuming they understand the basics. The government collects taxes, spends that money and then some, causing deficits. Then, the Government borrows money to cover the deficit…
An explanation of Approval Voting, a better choice to enhance democracy and eliminate strategic voting.
MMT will not make racism and xenophobia go away and there will still be a need to understand that Black Lives Matter. But still, it will be as big of step in the right direction that the gains made in the 1960s were.
Telling people point blank that taxes do not fund spending always leads to a change in subject. It always leads away from what is so very important about MMT.
Reading it, the intention of the preamble is pretty clear, it is America’s mission statement. It stands separate from the details of the Constitution and establishes a set of standards for the United States.