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
Why America is Not a Country Club
J.D. ALT May 8, 2018 Economic Justice Informative
and why we should look to our board of directors to straighten it out.
Framing a Job Guarantee
J.D. ALT May 1, 2018 Economic Justice Policy Essay
Ms. McArdle is being disingenuous in planting the idea that everyone who is paid with federal dollars is a federal employee; it’s an idea that immediately discredits the JG program, and it should be proactively discredited itself.
The Federal Reserve is Not a Private Bank – A Response to Counterpunch
Hector Danson April 15, 2018 Economic Justice Policy Essay
Calling out the omission of facts from a recent Counterpunch article concerning the U.S. Federal Reserve.
Framing the Progressive Platform
J.D. ALT April 13, 2018 Economic Justice Policy Essay
Progressives seem to genuinely wonder why mainstream Americans would object to these proposals. Why would American voters be put off by proposals they’d obviously gain so much real””and in many cases personal””benefit from?
End the FEDish: Redirecting Our Anger and Efforts to Save the World
Steven D. Grumbine February 4, 2018 Economic Justice Policy Essay
Not “believing in” the insights coming from the MMT lens is denying the institutional reality of how money is created and operationalized.
THE SHIFT: Understanding and Using America’s Fiat Money
J.D. ALT January 31, 2018 Economic Justice Policy Essay
The importance lies in a profound conceptual shift about what money isand how a modern, democratic society can use that new understanding to address public needs and pursue collective goals.
Permanent Cures for Debt Ceiling Crises
Joe Firestone January 30, 2018 Economic Justice Policy Essay
While our attention is on the chaos and consequences of debt ceiling crises, is a good time to consider how we might eliminate them entirely. Here’s a rundown on the four most important methods one can use.
Canada: Flagellation Letter in National Post
Larry Kazdan January 24, 2018 Economic Justice Published
So-called “fiscal anchors” instituted in peacetime are simply ideological vehicles intended to limit government spending, much as medieval monks recommended flagellation as a means of curbing unwanted desires.
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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