Sign up for 4-part study group (starting Monday Jan. 11, 2021) on progressive economics: “Modern Monetary Theory”

You are invited to join the Backbone Campaign’s MMT 4 part series:

Modern Monetary Theory Study Group

Join our 4-part study group on Modern Monetary Theory, Mondays at 4:30pm Pacific / 7:30pm Eastern

One of the best experts on Monetary Theory (MMT) is Stephanie Kelton, who has written extenstively about it.  Search the web for her name and MMT.  She summarized MMT by saying, “it is about replacing an artificial revenue constraint with a real inflation constraint. So there are limits. But the limit is not a predetermined numerical level or a percentage of the budget. There is no strict financial constraint. A currency-issuing government can afford to buy whatever is priced and available for sale in its own currency. The limit is the impact of the spending. Not the spending itself, and not the deficit—the limit is inflation. That is central to MMT.“

The United States came off the gold standard in 1971. Since then, we have used “modern money” which offers substantial new options that have been poorly understood by members of Congress and the media. It’s up to us to educate ourselves and our politicians and to challenge them when they persist in repeating outdated and misleading information about our money system.

In the midst of the Covid pandemic, the economic emergency, and the looming climate emergency, MMT provides the best approach to a combined effective response to all these urgent issues.

I have posted information about MMT to my blog.  See these:

Bold Economic Strategy to Create Jobs, Fund Infrastructure & Health & Climate, etc. – Glen’s Parallax Perspectives

“A Creative, Practical Way to Fund Jobs, Infrastructure, Climate Cures” – Glen’s Parallax Perspectives

How to pay for the Green New Deal – Glen’s Parallax Perspectives

 

Learn more as we take a deeper dive into this economic theory being championed by a growing number of economists and legislators.

Sign up here:

https://www.backbonecampaign.org/mmtsg

 

 

 

 

 

About GlenAnderson 1499 Articles
Since the late 1960s Glen Anderson has devoted his life to working as a volunteer for peace, nonviolence, social justice, and progressive political issues. He has worked through many existing organizations and started several. Over the years he has worked especially for such wide-ranging goals as making peace with Vietnam, eliminating nuclear weapons, converting from a military economy to a peacetime economy, abolishing the death penalty, promoting nonviolence at all levels throughout society, and helping people organize and strategize for grassroots movements to solve many kinds of problems. He writes, speaks, and conducts training workshops on a wide variety of topics. Since 1987 he has produced and hosted a one-hour cable TV interview program on many kinds of issues. Since 2017 he has blogged at https://parallaxperspectives.org He lives in Lacey near Olympia WA. You can reach him at (360) 491-9093 glen@parallaxperspectives.org