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.
Taxation
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.
Federal Taxpayers Do Not Fund the Federal Government; The Federal Government Funds Federal Taxpayers
Well that title is blunt, isn’t it? I like blunt. That’s why I chose it. As I always say, blunt cuts through bullshit. It’s my bet that it is sure to cause irritation for those persons who play immature games of semantics with the word ‘fund’. Good.
The Operational Reason Why Federal Taxes are Not Revenue for the Federal Government
Since this is a major topic of interest for laypersons, I’m going to explain operationally why your dollars paid in federal taxes are not spent by the federal government on anything.
