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Policy Implications of Modern Monetary Theory (MMT) For Pakistan

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 detailed explanation of points covered in this talk, see: bit.do/mmtpk1


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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