georgephillip
Diamond Member
- Dec 27, 2009
- 43,750
- 5,198
Cortez is also launching a dialog on Modern Monetary Theory (MMT) as a means for funding millions of productive jobs that pay a living wage:Bring peace, prosperity to the land and save this great nation for our children and grandchildren
God Bless Alexandra Ocasio-Cortez!
Green New Deal - Wikipedia
The Green New Deal (GND)[1][2] is any of several proposed[3][4] economic stimulus programs in the United States that aim to address both economic inequality and climate change. The name refers to the New Deal, a combination of social and economic reforms and public works projects undertaken by President Franklin D. Roosevelt in response to the Great Depression.[5] Supporters of a Green New Deal advocate a combination of Roosevelt's economic approach with modern ideas such as renewable energy and resource efficiency.[6] One small-scale example of a Green New Deal-type policy is tax incentives for solar panels, implemented in the United States in 2008.[7]
The Venezuela Myth Keeping Us From Transforming Our Economy
"Modern Monetary Theory (MMT) is getting significant media attention these days, after Rep. Alexandria Ocasio-Cortez said in an interview that it should 'be a larger part of our conversation' when it comes to funding the 'Green New Deal.'
"According to MMT, the government can spend what it needs without worrying about deficits.
"MMT expert and Bernie Sanders adviser professor Stephanie Kelton says the government actually creates money when it spends.
"The real limit on spending is not an artificially imposed debt ceiling but a lack of labor and materials to do the work, leading to generalized price inflation.
"Only when that real ceiling is hit does the money need to be taxed back, but even then it’s not to fund government spending.
"Instead, it’s needed to shrink the money supply in an economy that has run out of resources to put the extra money to work."
"Modern Monetary Theory (MMT or Modern Money Theory) is a heterodox macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a currency monopolist is restricting the supply of the financial assets needed to pay taxes and satisfy savings desires."
Ever heard of modern monetary theory?