Economic Policies Based on MMT
摘要
Modern Money Theory (MMT) is a theory of how money is created and how it circulates, in the form of cash, reserves, and bank deposits. It is not a theory of economic policy, but economic policies informed by MMT insights do exist. Questions that can be answered include how we can ensure full employment and price stability, what a Job Guarantee should look like in practice, what industrial policy and a Green New Deal can achieve, how to fight inequality and bring about climate justice, and what an economic bill of rights for the twenty-first century might look like.