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 Should Brazilian Economists and Policy Makers have Learned from the Crisis?
Daniel Conceicao June 12, 2022 Economic Justice MMT Beginner
The years is 2012, an MMT Economist writes about the near future of Brazil.
Monopoly Money: The State as a Price Setter
Pavlina Tcherneva June 12, 2022 Real Progressives
This paper, from Oeconomicus, Volume V, Winter 2002, explores the basis for understanding modern monetary systems as rooted in the monopoly powers of the State.
Answers from the MMTers
Stephanie Kelton May 31, 2022 Economic Justice Informative
Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They answered.
Colorado Accepts Crypto to Pay Taxes
Greg Roest April 28, 2022 Technology and Innovation
Accepting cryptocurrency is more like accepting stocks.
Redesigning Money for a Donut World
Jay Chimo April 24, 2022 Economic Justice MMT Beginner
Government spending is nothing like a household. The government’s job is to keep the economy in balance.
Where to Start Learning About MMT
Steven D. Grumbine March 22, 2022 Education Reference Material
Have you recently discovered MMT or Modern Monetary Theory and want to learn more but aren’t sure where to start? Well, start at the beginning, of course!
The National Debt and Other Red Herrings
Jonathan Kadmon January 15, 2022 Economic Justice
Discussions of inflation are often laden with an air of superstition and moral panic. Like all such things they can only persist in the face of misunderstanding and rumor.
A Riddle For Lawmakers
Fadhel Kaboub November 26, 2021 Economic Justice Poetry
If you can solve this riddle, you’ll know you can’t just stand by. Who am I?
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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