Matt Bruenig: What Do Modern Monetary Theorists Think Abo...

Matt Bruenig: What Do Modern Monetary Theorists Think About Inflation?: "Advocates of Modern Monetary Theory (MMT) say that we should understand all government spending as being funded by seignorage.... This then allows them to say things like 'taxes don���t fund spending' and other bumper-sticker type slogans that mostly just confuse people.... This seems like a tedious rhetorical exercise.... Whether taxes are needed to 'fund spending' or 'offset the inflation caused by seignorage' is in the eye of the beholder, but either way of saying it still concedes that taxes are necessary...

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