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Quote by Claire Jackson-Prior, Sara Holland, Prue Plumridge

“We believe that an understanding of the insights of MMT is a vital base for the creation of a world where people have the opportunity to live lives free from poverty and hunger and also to have the ability to contribute to their communities. MMT is the starting point for improvements to our lives, the seed from where good policy can grow and flourish.”

Quote by Claire Jackson-Prior, Sara Holland, Prue Plumridge

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Claire Jackson-Prior, Sara Holland, Prue Plumridge

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“Nations do not exist in isolation. Peoples have always roamed the globe in search of different opportunities. Nations principally trade to expand their consumption possibilities. In a world where we produce to consume, receiving goods and services is better in material terms than sending them elsewhere.”

EconomicsTradeImportsMacroeconomicsExportsExternal Economy
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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“The multilateral institutions that were introduced in the Post World War II period to coordinate international aid – the IMF and the World Bank – have failed in their respective missions. They became agents for the ‘free market’ ideology and through their structural adjustment packages and related policies have made it harder for a nation to develop.”

EconomicsDeveloping CountriesMacroeconomicsImfWorld BankDeveloping Nations
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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“A once-and-for-all increase in prices due to low-end workers finally seeing their wages catch up to historical productivity increases is a desired policy outcome, not something to be avoided. Thereafter, the goal would be for wages to stay roughly par with productivity, thereby creating price stability.”

EconomicsEmploymentInflationMacroeconomics
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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“inflation is a zero-sum game: there are always winners and losers, not just losers. The idea that it is only the latter has been encouraged by neoliberal scholars in order to justify policies that lead to economic contraction every time upward pressure is placed on wages by low unemployment rates.”

EconomicsInflationNeoliberalismMacroeconomics
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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“MMT recognizes that finance is not a limited resource. It is manufactured and created in the act of spending. In the modern world, the exclusive monopoly to issue the currency endows governments with unparalleled spending power. For MMT, that the issuer can spend without technical constraints is a rather trivial observation. What MMT stresses is that taxes and borrowing cannot pre-fund the issuer of the currency, as the currency must be provided before it can be used for tax collections or bond purchases. The substantive question for MMT then is how to deploy this spending power for achieving the two central macroeconomic goals: full employment and price stability.”

EconomicsMacroeconomicsTax
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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