Four Purposes of Federal Taxes
Beardsley Ruml wrote in 1946 that taxes for revenue are obsolete. So what ARE they for?
Taxation
MMT 101: Response to the Critics Part 2
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.
MMT 101: A Reply to Critics Part 1
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.
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.”
The ABC Act, Platinum Coins, & Seigniorage
The Automatic BOOST to Communities (ABC) Act, introduced by Congresswoman Rashida Tlaib with the support of Congresswoman Jayapal as well as economist and lawyer, Professor Rohan Grey, is how … Read more
The Bernie Factor in Modern Monetary Theory
Neoliberalism is a rogue military state and it became the orthodoxy through violence. Austerity-induced death. The antidote is MMT.
An MMT Tutorial That Covers The Basics
This MMT tutorial provides short answers to several questions.
Stop Using The Term ‘Printing Money’
It’s just a way to give the establishment the tool it needs to stop progress.
The Truth About ‘Printing Money’
If government spending is just “printing money” then taxing is simply “unprinting money”. It’s a circuit.
