What is MMT?
MMT began largely a description of monetary operations, which are best thought of as debits and credits to accounts kept by banks, businesses, and individuals.
Sistema monetarioak nola funtzionatzen duen aritzen da DTM.
I get asked questions like this all the time “Is #MMT consistent with a post-capitalist system? #Socislism? #Imperialism? XYZism?” MMT is compatible with any political system. 1/n
2019 aza. 26
#MMT is an analytical approach that carefully estimates how much fiscal policy space a country has to meet its national priorities without causing #inflation. 2/n
Those national priorities are determined by a political system that can be participatory/dictatorial/fascist/capitalist/socialist/communist, or whatever. 3/n
Most people still don’t fully understand how #capitalism works. If they did, they’d be a #revolution. #MMT provides a more focused lens to complement the political economy critiques of capitalism.4/n
Then we can sit down and design that post-capitalist system you speak of, and we’ll invent a nice “ism” name for it too. I just want it to be a participatory democracy that is equitable, just, peaceful, sustainable, and prosperous. 5/5