Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democr

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democr


#1280 Modern Monetary Theory: We already use it, now we need to understand it (Repost)

April 01, 2020

Today we take a look at Modern Monetary Theory and the neoclassical economics it is looking to replace. It’s very important to understand the logistical and political mechanisms by which money for progressive policy priorities would be appropriated by Congress and the debate over MMT gets to the core of those issues and seeks to change the paradigm we use to think about government spending.