CBO—Still Out of Paradigm after All These Years
Gold-standard thinking is inapplicable to a sovereign, currency-issuing government operating under flexible exchange rates.
Taxation
Playing Monopolis Monopoly: An inquiry into why we are making ourselves so miserable
Why does it seem like there isn’t enough money to pay for the things we really need? Is it really true? Are we really too poor to put America back to work making and building the things we need to maintain a prosperous nation?
The Oppressive Free Lunch
If one or two progressive leaders 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.
Taxes Don’t Fund Federal Spending
Our federal government doesn’t need revenue. So why the chatter about how will the government get money to fund its operations?
Monopoly Money: The State as a Price Setter
This paper, from Oeconomicus, Volume V, Winter 2002, explores the basis for understanding modern monetary systems as rooted in the monopoly powers of the State.
RP Live: MMT for M4A …and Beyond with Fadhel Kaboub
AMA with Professor Kaboub on how to achieve national universal healthcare for all without increasing our taxes. M4A is only the first step on the road to sustainable prosperity.
Redesigning Money for a Donut World
Government spending is nothing like a household. The government’s job is to keep the economy in balance.
The Aerodynamics of Chartalism
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.