If we are serious about getting things done — universal healthcare, basic income, solving climate change — we need to reject the taxpayer money myth in its entirety.
Yes, the example is a pretty poor one, but the idea has been around for a while. I’m surprised that the author didn’t even mention it, since it’s become more mainstream over the last few years, with books and academic papers written about it, and some economists adopting the idea. It’s called Modern Monetary Theory (i.e., “MMT”).
Yes, the example is a pretty poor one, but the idea has been around for a while. I’m surprised that the author didn’t even mention it, since it’s become more mainstream over the last few years, with books and academic papers written about it, and some economists adopting the idea. It’s called Modern Monetary Theory (i.e., “MMT”).