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
What is Economics?
SJ Benson April 2, 2019 Economic Justice Informative
Economics is the study of how societies allocate limited resources (such as land, water, human labor, or machinery) among the wants of those societies, recognizing that wants are seemingly unlimited.
We Are Already Doing More Than Just ‘Seriously Discussing’ MMT
Loren Hall March 25, 2019 Economic Justice Policy Essay
Once you stop being afraid, you can objectively learn.
Modern Monetary Theory – A Presentation for the Lavender Greens
Giovanna Laine March 12, 2019 Economic Justice Policy Essay
The only constraint on spending by the US federal government is resources. Or, as Dr. Stephanie (Bell) Kelton puts it, the federal government can buy every American a pony, if we breed enough ponies.
Apolitical Descriptive Currency Analysis is Anything but Flamboyant in response to John Tamny
Dave Pilkington February 10, 2019 Economic Justice Policy Essay
Tamny bandies about the discussion of resources as if MMT did not recognize the importance of the productive capacity of a nation. MMT clearly asserts that the real constraints of our economy are based on real resources.
MMT Is No Joke – The Joke is How Its Used
Nathan Locke February 7, 2019 Economic Justice Policy Essay
This is the real joke thats not funny. MMT is no joke – but how it is currently being abused is.A progressive application of MMT (again, not MMT itself) merely seeks to shift that ‘socialism’ MLK mentioned away from imperialist behavior and toward our own countrypeople.
Why Modern Monetary Theory is a Serious Idea for a Serious Time: A Response to James Pethokoukis
SJ Benson January 26, 2019 Economic Justice Informative
MMT is now being criticized by economic pundits, particularly from conservative think tanks. This commentary is a rebuttal to one such article.
Understanding MMT is Easier Than You Think
Loren Hall December 17, 2018 Economic Justice Policy Essay
It’s not ‘advanced economics’, it’s ‘realistic economics’.
Hands off Social Security and Medicare
Oliver Banks September 25, 2018 Health and Well-being Policy Advocacy
Sixty-one million people receive social security benefits, forty-four million people use Medicare, with seventy million people enrolled in Medicaid and CHIP.
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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