Tuesday, February 4, 2025

Modern Monetary Theory (MMT) in 67 Bullet Points

I am just making a note of this:  https://mmt101.substack.com/p/modern-monetary-theory-mmt-in-67  The phrase "Taxes don't pay for spending" is repeated 9 times.  If you don't need taxes for spending, then you should abolish the IRS.  Also, the Treasury doesn't need to issue bonds anymore, it can just spend whatever it wants.  

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