Inwards An Opened Upwards Serial Meant To Innovate The Basics Of Modern Monetary Theory

The next is part-3 inwards an opened upwards serial meant to innovate the basics of modern monetary theory (MMT) in addition to to explore the potential for MMT’s radical model of macroeconomic reality to intersect with revolutionary theory in addition to struggle. In part-1, the basic principles in addition to monetary mechanics of MMT were presented amongst an irresponsibly brief review of money’s development from its prehistoric origins to the ongoing failure of orthodox economic science to explicate how coin functions today. Part 2 looked at how MMT re-writes the rules of populace spending in addition to how it could live used yesteryear the working classes to construct radical organizations in addition to teach by the ability of majuscule with a self-managed federal chore guarantee. And forthwith Part iii presses on to novel territory where, for the get-go (and in all probability last) time, engine mechanics in addition to the lay down theory of coin volition drib dead relevant to a news of ane of history’s close exhilarating topics — taxes. (Please, don’t leave)…

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On the State Theory of Money, Social Power, & Taxes: Modern Money Systems 3

John Lauritis