2 Posts found for Author: Stephanie Kelton

Modern Monetary Theory (MMT) simply describes how our monetary system actually works. Its explanatory power doesn’t depend on ideology or political party. […] At any point in time, every economy faces a sort of speed limit, regulated by the availability of its real productive resources — the state of technology and the quantity and quality of its land, workers, factories, machines and other materials. If … [ Read more ]

Author: Stephanie Kelton | Source: The New York Times | Subject: Economics | Economy

Taxes exist for many reasons, but they exist mainly to give value to a state’s otherwise worthless tokens.

Author: Stephanie Kelton | Source: The New York Times | Subjects: Economics | Economy, Politics & Public Policy, Taxation