by Summary:
Good summary article on MMT.Here's a teaser: With a sovereign currency, what this nation chooses to spend money on should be removed from any discussion of how a program should be paid for. Congress can authorize such spending at any time. Inflation is never a concern, so long as sufficient goods and services are available to purchase with the money spent into the economy.In fact, government spending that invests in new infrastructure, more efficient buildings and transportation, and in better health care for all, has a multiplier effect that spending on war does not. The benefits of such spending are concrete and tangible to all of us, because they ripple through the economy in ways that spending on wars cannot.Much of this spending is on things that the private sector will not or cannot
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Mike Norman considers the following as important: MMT
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Good summary article on MMT.Good summary article on MMT.Here's a teaser: With a sovereign currency, what this nation chooses to spend money on should be removed from any discussion of how a program should be paid for. Congress can authorize such spending at any time. Inflation is never a concern, so long as sufficient goods and services are available to purchase with the money spent into the economy.In fact, government spending that invests in new infrastructure, more efficient buildings and transportation, and in better health care for all, has a multiplier effect that spending on war does not. The benefits of such spending are concrete and tangible to all of us, because they ripple through the economy in ways that spending on wars cannot.Much of this spending is on things that the private sector will not or cannot
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Mike Norman considers the following as important: MMT
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
Here's a teaser:
With a sovereign currency, what this nation chooses to spend money on should be removed from any discussion of how a program should be paid for. Congress can authorize such spending at any time. Inflation is never a concern, so long as sufficient goods and services are available to purchase with the money spent into the economy.Recommended reading. Pass it on.
In fact, government spending that invests in new infrastructure, more efficient buildings and transportation, and in better health care for all, has a multiplier effect that spending on war does not. The benefits of such spending are concrete and tangible to all of us, because they ripple through the economy in ways that spending on wars cannot.
Much of this spending is on things that the private sector will not or cannot do, because it’s on things that aren’t profitable – like roads and mass transit, or retrofitting buildings for greater energy efficiency. The return on investment may be too risky, or too many years away.
And thanks to “shareholder value theory” popularized by Milton Friedman, U.S. corporations have become risk-averse – more interested in stock market manipulations than in long-term investment.
Contrary to critics, government spending doesn’t drive out private spending. Instead, such spending creates opportunities for new investment by the private sector.
Concord Monitor
How can America pay for things the people want? With ease.
Bruce Currie