The Oppressive Free Lunch
If progressives would just make the effort to inform themselves how a modern, sovereign fiat currency actually functions, they’d realize “paying for it” is actually the easiest part.
If progressives would just make the effort to inform themselves how a modern, sovereign fiat currency actually functions, they’d realize “paying for it” is actually the easiest part.
The truth about federal finance used to be common household knowledge, maybe it should be again.
Our federal government doesn’t need revenue. So why the chatter about how will the government get money to fund its operations?
The primary reason for imposing a tax at the federal level is to create a demand for the currency that the federal government can create at will.
We call upon all progressive candidates and officeholders to embrace our proposal and seek to enact a 21st Century Economic Bill of Rights.
By now (2012), economists should know better than to rely on private borrowing alone to keep economies from underperforming.
Jared Bernstein, longtime economic advisor to Joe Biden asked the MMT academics some questions. They answered.
Have you recently discovered MMT or Modern Monetary Theory and want to learn more but aren’t sure where to start? Well, start at the beginning, of course!