Modern Monetary Theory - MMT
What is MMT and how could it completely change your perception of life in a nation with a sovereign fiat currency? Looking for MMT resources in other languages? Try our INTERNATIONAL MMT RESOURCES page.
"If we just keep printing money, we'll devalue the dollar!"
"Printing money will cause inflation!"
"OhEmGee the National Debt!!"
We've all heard loads of rumors...now it's time to get the truth!
Use the arrows or swipe through the slides to learn more.
It's not something to implement someday, it is exactly how our money works TODAY!!
The currency issuer is not constrained to balanced budgeting in the same way as a currency user.
No matter what politicians or talking heads on TV say, when a country issues its own sovereign currency, it can never run out.
That would be like the scorekeeper in baseball running out of points! Crazy, right?
As a matter of fact, in order for us to pay taxes in the first place, the government, the CURRENCY ISSUER, has to create (or spend into existence) the money. Then, we CURRENCY USERS have to find a way to get some money to pay our taxes.
Most governments, most of the time, will run fiscal deficits. This is not a matter of concern, and is indeed a good thing, as it means most private sectors will be able to run the financial surpluses they wish to add to their net savings.
The government’s deficit is our surplus – we should be glad all that money hasn’t been taxed out of the economy!
Browse our MMT focused articles and filter them using the tabs at the top to find a specific topic.
Browse our MMT focused articles and filter them using the dropdown tab at the top to find a specific topic.
- All Articles
- Federal Reserve
- Inflation
- MMT 101
- MMT Academics
- MMT Rebuttal
- National Debt
- Taxation
- All Articles
- Federal Reserve
- Inflation
- MMT 101
- MMT Academics
- MMT Rebuttal
- National Debt
- Taxation
MMT isn’t ‘Close’, it’s ‘Here’.
Loren Hall August 29, 2019 Economic Justice Policy Essay
As soon as you read “MMT May One Day Be”, you know the author either doesn’t understand MMT, or doesn’t want you to.
The Changing Face of MMT
Loren Hall August 19, 2019 Economic Justice Policy Essay
Look under all the filters for the real picture.
What is the difference between Monetary Policy and Fiscal Policy Part II
Sherry Wise July 16, 2019 Economic Justice Informative
Part II of this series on the differences between monetary and fiscal policy addresses the operations between the central bank and private banks.
The Irresistible Allure of Debunking MMT Hit Pieces: A Response to Peter Diekmeyer
Allyson Drucker June 12, 2019 Economic Justice Policy Essay
So, tell me who has ALREADY made out big from MMT? Special interests. The big campaign donors. Decidedly NOT the people.
What is the difference between Monetary Policy and Fiscal Policy Part I
Sherry Wise June 12, 2019 Economic Justice Informative
This two-part series explains what monetary and fiscal policy are and the differences between the two.
Republicans Against MMT Need To Take a Seat
Rebecca Rice June 7, 2019 Economic Justice Policy Essay
A treatise, in answer to Katia Dmitrieva’s Bloomberg article on why the five Republicans against MMT need to take a seat, and why (AGAIN) we the People need to know how our economy really works.
MMT Detractors are the Ones Who are Flirting With Disaster
Loren Hall May 22, 2019 Economic Justice Policy Essay
Do not forgive them, for they know just exactly what they do.
What Is Money?
SJ Benson May 5, 2019 Economic Justice Informative
Any object can serve as a form of money, from rocks and sticks to cigarettes and gum, or from paper bills and coins to electronic records and coupons. What lies beyond the currency is the willingness of others to accept that form of currency.
Why we need to debunk the 'deficit myth' - BBC REEL
Government spending is increasing at an unprecedented rate to deal with the effects of the coronavirus pandemic. Many people worry this could burden future generations.
However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending.
Could Modern Monetary Theory help us navigate our way out of this crisis – and even help build a fairer economy?
Producer: Dan John
Animation: Jacqueline Nixon
(Republished with permission from the BBC)
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