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Quote by L. Randall Wray

“The evidence is plain to see all around us: in an era of multiple pandemics that threaten the continued existence of human life on planet earth, we are stymied by imaginary constraints concocted by economists.”

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

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Modern Monetary Theory: Key Insights, Leading Thinkers

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L. Randall Wray

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“governments budgeted anywhere from one-tenth to more than one-half of their economies to fight the pandemic. No taxpayers were called upon to foot the bill, no creditors were asked to lend them money. Governments voted for the budgets they considered to be necessary and their central banks made the payments. The size of the response was all the evidence one needed to grasp the monetary reality. Governments which issue and control their own currencies face no financing constraints and no threat of insolvency or default.”

Politics Economics Covid 19 Macroeconomics Government Spemding

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“Wage changes occur at infrequent intervals and condition the behaviour of the parties concerned for the ensuing economic period (sometimes months, usually years).”

Capitalism Economics Employment Unemployment Wages Macroeconomics Fiat Currency Modern Macroeconomics Theory

Book:Macroeconomics

Source: Macroeconomics

“Our material progress has come at the cost of spiritual regress.”

Spirituality Progress Regress The Human Advantage

Author:Natalia Blagoeva

“Taxes reduce the demand for physical resources from the non-government sectors. Resources which then become available for purchase by the government in pursuit of the socio-economic programme it was elected to provide.”

Economics Taxation Macroeconomics Tax Taxation Policy

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“Tax avoidance is nature’s way of telling you your tax code is too complicated. Simplify the code and the problem will go away.”

Economics Taxation Macroeconomics Tax

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“Taxation policy has to be framed with the end goal in mind, which is to release real resources the public sector wishes to buy in the current period.”

Economics Taxation Macroeconomics Tax

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“Functional analysis of the taxation mechanisms via the MMT lens leads to a fundamentally different view of taxation.”

Economics Taxation Macroeconomics Tax

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“A half century of neoliberalism has brought the world to the brink of collapse. Only concerted effort and cooperation by the world’s governments provides any chance of survival. Understanding MMT does not make this easy. But it helps us to recognize what the true constraints are: resources, initiative, politics, imagination.”

Politics Economics Macroeconomics

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“For those with an open mind, it has become increasingly clear that MMT provides a sound basis for developing an understanding of the operation of a monetary economy, enabling economists and political analysts to better understand the nature of the opportunities that are available for policy.”

Politics Policy Economics Macroeconomics

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“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.”

Politics Economics Macroeconomics

Author:Claire Jackson-Prior, Sara Holland, Prue Plumridge

Quote by L. Randall Wray

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