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The progressive case for MMT — Roshak Momtahen

Summary:
Compared to the mainstream attention that Modern Monetary Theory (MMT) is receiving in the United States, it has been met with a more muted reception north of the border, particularly on the left. This is partially due to the perception that MMT is mostly concerned with disproving the need for taxes and that its promises of money for nothing are fundamentally dangerous. But this dismissive perception ignores MMT’s underlying theory and downplays its unique democratic and progressive potential....Canadian DimensionThe progressive case for MMTRoshak Momtahenhttps://canadiandimension.com/articles/view/the-progressive-case-for-mmt

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Compared to the mainstream attention that Modern Monetary Theory (MMT) is receiving in the United States, it has been met with a more muted reception north of the border, particularly on the left. This is partially due to the perception that MMT is mostly concerned with disproving the need for taxes and that its promises of money for nothing are fundamentally dangerous. But this dismissive perception ignores MMT’s underlying theory and downplays its unique democratic and progressive potential....
Canadian Dimension
The progressive case for MMT
Roshak Momtahen
https://canadiandimension.com/articles/view/the-progressive-case-for-mmt
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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