The truth about Modern Monetary Theory
https://www.taxresearch.org.uk/Blog/2025/08/19/the-truth-about-modern-monetary-theory/
MMT describes how government spending and taxation work in fiat currency economies: no more, and no less. In this video, I explain why critics often get it wrong, why some fans overstate it, and why understanding it could change how we think about jobs, services, and growth. This is the audio...
There is quite a lot of difference between "tax the rich because nobody should have that much power" and "tax the rich in order to fund things"
The latter dignifies the rich as indispensable masters of society and plays into their hands.
The national debt has reached a staggering $35 trillion, yet some economists argue it's not a problem. Stephanie Kelton, author of "The Deficit Myth," joins "CBS Mornings Plus" to explain how "modern monetary theory" could change how we see government debt.
@HardBeingGreen
The government issues it (See Australian Constitution) - the Gold Standard died decades ago
The Australian Government can afford anything that is denominated in AUD (its money)
The better question is: Where are the resources coming from and what resources are needed by (infrastructure, people, minerals, water, etc)
Howard on #BBCLauraK said all that money that was spent on covid has to be paid back
A state's economics is not the same as household economics
The pound is sovereign currency
The Bank of England is internationally respected
How many more times do we have to say this?
There is nothing wrong with high levels of National Debt. It is in many respects an abstract concept, and trying to reduce it will only cause direct economic harm to a country's citizens
Steve199
Totts
Aaron In Minnesota
George Pearkes
mjgraves
Barry Steele