Real Progress In Action | Does National Healthcare Require Higher Taxes? @RealProgressInAction | Uploaded July 2023 | Updated October 2024, 5 hours ago.
A sovereign issuer of a currency (U.S. Dollar) doesn't need to borrow its own money and doesn't need to collect it in taxes in order to spend as economist Fadhel Kaboub explains.

#M4A #Taxes #Inflation #LearnMMT

Link to full episode: youtube.com/live/PYmeHSCA2LM?feature=share

We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.

What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.

Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!

To learn more about Modern Monetary Theory, check out our podcasts!
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