I've been following the Modern Monetary Theory debate for about 18 months, and I'm largely a convert: governments spend money into existence and tax it out of existence, and government deficit spending is only inflationary if it's bidding against the private sector for goods or services, which means that the government could guarantee every unemployed person a job (say, working on the Green New Deal), and which also means that every unemployed person and every unfilled social services role is a political choice, not an economic necessity. Read the rest
My appearance on the MMT podcast: compelling narratives as a means of advancing complex political and economic ideas
