“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.”
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.”
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.”
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.”
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.”
“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.”
Source: Modern Monetary Theory: Key Insights, Leading Thinkers
“While export spending boosts national income, we consider exports to be a cost in the sense that they deprive the domestic population of the use of the
real resources that are used up in the production of the goods and services sold abroad.”
Source: Modern Monetary Theory: Key Insights, Leading Thinkers
“Our purpose is not a beautiful sentence we define once and then follow. Being purpose-driven is the readiness to tune into our soul’s guidance system and follow what’s right for us in the present moment.”
“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.”
Source: Modern Monetary Theory: Key Insights, Leading Thinkers
“The state sets the terms of exchange for its currency with the prices it pays when it spends, and not per se by the quantity of currency that it spends.”
Source: Modern Monetary Theory: Key Insights, Leading Thinkers