Real Progress In Action | Live from George Washington University Hospital... MMT without class analysis is great in academia @RealProgressInAction | Uploaded January 2024 | Updated October 2024, 16 hours ago.
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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!
macroncheese.com
Macro N Cheese Podcasts:
realprogressives.org/macro-n-cheese-podcast
Follow us on Twitter:
Twitter.com/RP_In_Action
Follow us on Instagram:
instagram.com/rpinaction
We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
#MMT
Please help our Real Progressives efforts and become a monthly donor!
At PayPal
paypal.me/RealProgress
At Patreon
patreon.com/realprogressives
RealProgressives.org
realprogressives.org/donate
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!
macroncheese.com
Macro N Cheese Podcasts:
realprogressives.org/macro-n-cheese-podcast
Follow us on Twitter:
Twitter.com/RP_In_Action
Follow us on Instagram:
instagram.com/rpinaction
We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
#MMT