FYI: Imagine the government could permanently eliminate unemployment. Then imagine it could simultaneously keep inflation under control. Finally, imagine it already has the power to do all this, but refuses to act out of ignorance or malice.
These are the central claims of modern monetary theory, a vision of political economy that is now having a moment, particularly within the left flank of the Democratic Party. The MMT perspective has heavily influenced both the Green New Deal and recent proposals for the federal government to offer full-time jobs to anyone who wants them. Five Republican senators have responded by introducing a resolution condemning MMT on the grounds that it “jeopardizes the United States’ economic security.”
Regards,
Ted
https://www.barrons.com/articles/modern-monetary-theory-51559956914?mod=past_editions
