Heterodox
by Summary:
MMT reverses orthodox understanding of fiscal policy. Orthodoxy maintains that government must raise revenues to spend. MMT holds that government spending creates money, which creates profits for business, and savings for consumers. Taxes can then be collected from the money created by government (deficit) spending. For the first in a sequence of 6 posts with ...
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MMT reverses orthodox understanding of fiscal policy. Orthodoxy maintains that government must raise revenues to spend. MMT holds that government spending creates money, which creates profits for business, and savings for consumers. Taxes can then be collected from the money created by government (deficit) spending. For the first in a sequence of 6 posts with ...
Topics:
Asad Zaman considers the following as important:
This could be interesting, too:
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