You believe that by strategically using government spending and taxation, it is possible to achieve full employment, price stability, and economic growth without causing inflation.
Modern Monetary Theory (MMT) is a macroeconomic framework that suggests that countries with their own fiat currency—meaning a currency that is not backed by commodities like gold—have more financial freedom than is traditionally assumed. This theory posits that such countries are not operationally constrained by revenues when it comes to federal government spending. In other words, a government that controls its own currency can always fund its own operations and obligations, whether or not it has enough tax revenue.
MMT originated from the ideas of economist Warren Mosler…
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If your community suddenly had access to abundant government resources, what issue would you argue should be addressed first?
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Tax lowers for everyone but remove loopholes, overall much more money will come to the government to spend on whilst normal salaries will have to pay less tax and can live a better life
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What changes to your lifestyle would you make if you were certain of financial security throughout your lifetime?
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government should not print money and should return to a gold standard
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How do you imagine life would be different if no one had to worry about paying for basic necessities?
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There would be a lot more disposable income, and the basic standard of living would increase dramatically.
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