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?

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MMT - What is it anyway??
"I've heard it called the Magic Money Tree"
"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.
Modern Monetary Theory or MMT
MMT is just a description of how sovereign fiat, floating exchange rate currencies like the US dollar actually work. MMT helps us move past the outdated gold-standard thinking that hasn't been right for decades.

It's not something to implement someday, it is exactly how our money works TODAY!!
Sovereign currency issuers...
Many governments issue their own currency. The sovereign issuer of a nation’s currency is nothing like the users of its currency - such as households, businesses, or state and local governments.

The currency issuer is not constrained to balanced budgeting in the same way as a currency user.
Government Solvency
Sovereign governments can never run out of the currency they issue.

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?
Taxes and Federal Spending
Federal taxes are not collected in order for the government to spend later. They are actually deleted out of existence!

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.
The National Debt
It is not possible for a currency issuer to go broke.

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!
Where Do I Learn More?
Look through our collection of articles below to learn more! They are conveniently categorized and there are plenty of resources from MMT Beginner to Macroeconomics Expert level.
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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
  • Hyperinflation
  • Inflation
  • Job Guarantee
  • MMT 101
  • MMT Academics
  • MMT Rebuttal
  • National Debt
  • Social Security
  • Taxation
All Articles
  • All Articles
  • Federal Reserve
  • Hyperinflation
  • Inflation
  • Job Guarantee
  • MMT 101
  • MMT Academics
  • MMT Rebuttal
  • National Debt
  • Social Security
  • Taxation
climate change war wildfires

When Will America Declare War on Climate-Change?

A declaration of war is a legal framework that sets in motion a process of “mobilization” in which the national government directs real resources—labor, engineering expertise, technology, material—toward the goal of defeating an enemy threat.

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What the Government Doesn’t Want You to Know: It Can Fully Fund Anything

What if I told you that everything we have been taught about US economics is wrong? Before your eyes start to glaze over in anticipation of boring economic jargon, let me acquaint you with 5 simple facts that might just wake you up.

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vintage map of south america

What Should Brazilian Economists and Policy Makers have Learned from the Crisis?

By now (2012), economists should know better than to rely on private borrowing alone to keep economies from underperforming.

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What is the difference between Monetary Policy and Fiscal Policy Part I

This two-part series explains what monetary and fiscal policy are and the differences between the two.

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What is the difference between Monetary Policy and Fiscal Policy Part II

Part II of this series on the differences between monetary and fiscal policy addresses the operations between the central bank and private banks.

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What Is Money?

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.

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What is Economics?

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.

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image of paper money in the background and people carrying oversized coins in the foreground

What if the Public Understood How Money Works?

The truth about federal finance used to be common household knowledge, maybe it should be again.

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What Are Taxes For? The MMT Approach

Sovereign government does not really need revenue in its own currency in order to spend.

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We Are Already Doing More Than Just ‘Seriously Discussing’ MMT

Once you stop being afraid, you can objectively learn.

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Memes for Sharing

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)

Weaponizing knowledge, one mind at a time.

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Modern Monetary Theory and Economic Justice

Economic Justice

Modern Monetary Theory and Environmental and Ecological Justice

Environmental & Ecological Justice

Modern Monetary Theory and Peace with Justice

Peace with Justice

Modern Monetary Theory and Equality with Justice

Equality with Justice

Modern Monetary Theory and Democracy

Democracy

Modern Monetary Theory - Health and Wellbeing

Health and Wellbeing

Technology & Innovation - Modern Monetary Theory

Technology and Innovation

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