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.
Taxation
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.
Four Purposes of Federal Taxes
Beardsley Ruml wrote in 1946 that taxes for revenue are obsolete. So what ARE they for?
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 Taxation: A Physician’s Prescription For Reform
This analysis of the pathophysiology of the taxation system informs the four taxation proposals presented here, which are crafted on the observed mechanics of the US monetary system as described in MMT.
Social Security Cannot Go Broke!
It is impossible for Social Security to go broke. All it takes to see that is a ride on the subway.