Arratsalde bat Warren Mosler-ekin

An intimate presentation of Modern Monetary Theory with the original developer, Warren Mosler. This discussion is targeted specifically for individuals curious about Modern Monetary Theory and in particular, those in the Green Party who would like to better understand federal finance and how this knowledge can impact their ability to craft legislation.

What is Modern Monetary Theory?

Modern Monetary Theory is the correct understanding of Macroeconomics.

It proves the following:

1. Taxes don’t fund government spending and
2. Deficit spending is good most of the time.

Simple Economics Facts:

Government deficit = Private sector surplus

Government debt = private sector savings

The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!

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