MMT is frequently criticized for consolidating the treasury and the central bank. In this post, we will address these issues by tackling problems surrounding the nature of money and the role of taxes, and by beginning to deal with the consolidation argument.
This is Part 1 of a six part series in which we deal with critics of MMT. As readers of this blog know, our critics continually raise the same old tired critiques of MMT.
When poor countries fall prey to inflation, it’s not because they’re “too socialist.” The rising popularity of modern monetary theory (MMT) has inevitably brought misconceptions.
Neoliberalism is a rogue military state and it became the orthodoxy through violence. Austerity-induced death. The antidote is MMT.
The lies were baked into the school system, newspapers, sitcoms, political debates even cartoons took the ideas of neoliberalism into the hearts and minds of our children…the people.
This MMT tutorial provides short answers to several questions.
It’s just a way to give the establishment the tool it needs to stop progress.
Not “believing in” the insights coming from the MMT lens is denying the institutional reality of how money is created and operationalized.
If government spending is just “printing money” then taxing is simply “unprinting money”. It’s a circuit.
