Taxes for Revenue are Obsolete
“All federal taxes must meet the test of public policy and practical effect. The public purpose which is served should never be obscured in a tax program under the mask of raising revenue.”
Federal Reserve
An MMT Tutorial That Covers The Basics
This MMT tutorial provides short answers to several questions.
The Federal Reserve is Not a Private Bank – A Response to Counterpunch
Calling out the omission of facts from a recent Counterpunch article concerning the U.S. Federal Reserve.
End the FEDish: Redirecting Our Anger and Efforts to Save the World
Not “believing in” the insights coming from the MMT lens is denying the institutional reality of how money is created and operationalized.
The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government
Since this is a major topic of interest for laypersons, I’m going to explain operationally why your dollars paid in federal taxes are not spent by the federal government on anything.