“An MMT understanding allows us to appreciate that there would be no financial impediment for a government building national industries, funding research and development, providing first-class universities and apprenticeship training and the rest. If a nation with its own currency slides into oblivion by closing its manufacturing sector, cutting career public sector jobs and relying on low-paid and precarious service sector jobs for employment creation, then that has little to do with running external deficits, and everything to do with political choices.” EconomicsManufacturingEmployment Macroeconomics Book:Modern Monetary Theory: Key Insights, Leading Thinkers Source: Modern Monetary Theory: Key Insights, Leading Thinkers