Do We Need Taxes? The MMT Perspective
It’s elementary, my dear Holmes. Taxes drive the currency.
Gold-standard thinking is inapplicable to a sovereign, currency-issuing government operating under flexible exchange rates.
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?
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.
Our federal government doesn’t need revenue. So why the chatter about how will the government get money to fund its operations?
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.
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.
Government spending is nothing like a household. The government’s job is to keep the economy in balance.