MMT (Modern Monetary Theory)

MMT (Modern Monetary Theory) is accurate and unorthodox in what they say about sovereign currencies, the impossibilities of bankruptcy for a nation that creates its own currency and particularly in the fact that such governments face “no financial constraints”. Where they turn completely orthodox however is in their preoccupation with full employment. Employment is not the primary purpose, or in view of the incredible productive capacity  we now have, the most intelligent purpose of economics, and it most certainly isn’t the only purpose thereof. The most basic purpose of economics/the economy is to consume what is produced in the most efficient way possible, and beyond that as an ethical issue which necessarily adheres to any and all human activities, to free the individuals and business entities existing within any particular economy. Confronting and combining these actually undeniable facts and then crafting policies that would accomplish such economy and such freedom would then make the system serve all of mankind, not a wealthy and powerful elite or a particular business model.

Leave a comment