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
When Will America Declare War on Climate-Change?
J.D. ALT August 14, 2021 Economic Justice Environmental and Ecological Justice
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.
Back to [MMT] Basics
Steven D. Grumbine August 2, 2021 Education MMT Beginner
From the definition of a dollar as a unit of measure all the way to what The Fed is and how public policy can be informed – Grumbine runs the gamut on MMT basics.
If You Really Care About Social Security, Stop Capitulating To The Left
Stephanie Kelton July 17, 2021 Economic Justice Health and Well-being
Let’s start telling the truth about Social Security. We are educators. So let’s educate people on the basic facts.
Taxes Are Paid
Brad Sandler June 26, 2021 Economic Justice Equality with Justice
The federal government does not collect taxes to pay for anything. It collects taxes to fulfill its Constitutional obligation.
Paying for Populism
J.D. ALT April 3, 2021 Economic Justice Environmental and Ecological Justice
True democracy is populism—is it not? It has always struck me as odd that “populism” is used to describe a fringe politics, motivated by grievances …
Why MMT Progressivism is the Real Populism
J.D. ALT March 18, 2021 Democracy Economic Justice
Today’s “populists,”—both right and left—appear to believe that virtually anything the U.S. federal government does is an oppression of individual liberty, private rights and local …
Truths and Myths of the Federal Reserve
Lars Schall February 25, 2021 Economic Justice
Is the Federal Reserve an almighty-like “creature” or rather extremely limited in its essential operations? L. Randall Wray, an expert on monetary policy, answers questions with regard to the Fed and central banks in general.
The Aerodynamics of Chartalism
J.D. ALT February 17, 2021 Economic Justice
Critics of MMT often say, “but it’s only ‘chartalism’”—as if chartalism, itself, were a discredited explanation of reality that inherently discredits Modern Money Theory.
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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