New Economic Perspectives Collection
A growing archive of posts from all your favorite MMT greats, republished with permission from the original New Economic Perspectives blog.
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Yes, sending a check to people is not as “messy,” but let’s stop pretending that it’s a panacea for the fundamental problem of economic insecurity.
We need a new meme for money. We need a social metaphor, a public interest alternative to the private maximization calculus.
We need an alternative meme, one that provides a frame that is consistent with a progressive social view and isn’t mired in the gold standard.
We need to let go of the myths and begin with the state and its money.
Let us continue to develop an alternative frame for money. As you know, MMT says that “taxes drive money”. Let’s develop that further.
It is difficult to believe that our economy can continue to grow robustly as the government sucks disposable income and wealth from the private sector by running surpluses.