We have the ability to produce goods and services on a level never before seen by human society. There is no logical reason anyone (e.g., the unemployed) should have to go without. It is immoral.
John T Harvey of Forbes
"First they ignore you, then they laugh at you, then they fight you, then you win" -- Gandhi's aphorism neatly describes the trajectory to date of Modern Monetary Theory, the latest incarnation of "chartalism," which holds that money comes into existence through government spending, and is taken out of circulation when the government taxes it back -- which means that without government deficit spending, there is no money, and which also means that the government doesn't have to fund its operations through taxes, but rather, it can issue as much currency as it needs to operate, within limits.
Cory Doctorow - A thorough defense of Modern Monetary Theory
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