You believe that by strategically using government spending and taxation, it is possible to achieve full employment, price stability, and economic growth without causing inflation.
Modern Monetary Theory (MMT) is a macroeconomic framework that suggests that countries with their own fiat currency—meaning a currency that is not backed by commodities like gold—have more financial freedom than is traditionally assumed. This theory posits that such countries are not operationally constrained by revenues when it comes to federal government spending. In other words, a government that controls its own currency can always fund its own operations and obligations, whether or not it has enough tax revenue.
MMT originated from the ideas of economist Warren Mosler…
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What societal shifts do you imagine would occur if the national conversation shifted from debt reduction to creating public value?
@9L5LCJG2mos2MO
I do not know enough about the topic to give an opinion
@9L5L9K32mos2MO
ignoring the national debt would end up slowing any economic growth.
@9L4SDKK 2mos2MO
I believe a counterculture will arise if we switch to a public value creation society as many people will be wary about the sanctity of their own economies, which could collapse if played poorly, leading to events such as the hoarding of metals. I do also believe this will create a greater push for the government to provide these resources to the people, similar to the Public Works Programs of FDR. Finally, there'd also be a global shift as certain countries choose to take up the risk with the new system while others suspect a possible collapse of the economy due to the shift
@ISIDEWITH4mos4MO
If the stress of debt was eliminated from society, how do you think mental health would improve or worsen?
@9J3NYYX4mos4MO
my mental health would be skyrocketing and I would leave therapy
@ISIDEWITH5mos5MO
Would you support a policy where taxes are increased as a means to cool down an overheating economy?
@9HFXDWN5mos5MO
I don't support increasing the taxes so much because it is just ridiculous. I think the economy needs to find a better way.
@ISIDEWITH5mos5MO
Imagine receiving a guaranteed job offer from the government; how would that influence your career choices?
@9HFVYZNRepublican5mos5MO
If the job offer is something that I really wanted to pursue then I would definitely go for it but if it is against my career goals I will probably follow my dreams until I achieve my ultimate goal.
@ISIDEWITH2mos2MO
If your community suddenly had access to abundant government resources, what issue would you argue should be addressed first?
@9L56QLH2mos2MO
limit the people able to use and take some of this resource
@9L56K42Independent2mos2MO
Resources for the less privileged. Food, clothes, clean water, etc.
@ISIDEWITH4mos4MO
How might the relationship between employers and employees change if people worked for fulfillment over necessity?
@ISIDEWITH1mo1MO
Imagine a scenario where high-quality education and healthcare were seen as investments rather than expenses; how would that influence your life choices?
@ISIDEWITH5mos5MO
How might the role and influence of banks change if the government could fund itself without borrowing?
@9HFY65K5mos5MO
I think it would probably have a little less corruption and secrecy from wealthy individuals.
@ISIDEWITH5mos5MO
Do you feel that taking care of the unemployed should be the government's responsibility?
@9HFBTXSIndependent 5mos5MO
Yes, I think that it should be their responsibility.
@ISIDEWITH1mo1MO
What kind of society would we have if pursuing passion projects became as normalized as traditional employment?
@9LF7BKQ1mo1MO
Pursuing passion projects would result in a lack of disciplined work, raising prices but also helping creativity. I think it would be a negative change.
@9LF5R2R1mo1MO
Our society would be more comfortable within itself and there would be less anxiety and depression. This way of living can be seen in Europe.
@ISIDEWITH5mos5MO
Can you imagine a world where taxes are not for raising money but for keeping prices stable; how would that change society?
@9HGFL2L5mos5MO
It will most likely stop half of the society arguments.
@ISIDEWITH3mos3MO
How would it affect your future plans if you knew that a well-paying job wasn't necessary to secure a comfortable life?
It would make me pursue a career that I actually would enjoy and not one that I would pick just to live the lifestyle I want.
@9KH8S532mos2MO
Humans inately desire work and creativity, and therefore the desire to work still exists
@ISIDEWITH4mos4MO
If prices in stores began to rise, would your personal spending habits change if you trusted the government to manage inflation?
@9HTT42F4mos4MO
I would stop spending money on unnecessary things.
@ISIDEWITH5mos5MO
If the government provides everything you need, do you think people would still be motivated to work hard and innovate?
@9HFXSK75mos5MO
I depends on the type of person. Some people would still be .motivated to work and some would not
@ISIDEWITH6mos6MO
Do you feel it's possible to achieve full employment through government intervention, or does that seem unrealistic?
@9H9GKJ65mos5MO
It doesn't seem realistic, as there will be people who don't want to work, homeless, or etc. But goverment shouldn't force people to do stuff.
@ISIDEWITH5mos5MO
How do you think a country's culture might change if the government guaranteed every citizen a basic income?
@9HPXP2Z5mos5MO
If the income guaranteed is low, and not everyone has the means to go above that, then you find a culture similar to France prerevolution, where the poor are so far behind the rich it leads to violence. If the guaranteed income is low and everyone has the means to go above that, you have a society of intelligent, and hard-working people with good quality of life. If guaranteed income is high, then people will be lazier, and the rich will find poor people in other nations to take money from.
@ISIDEWITH2mos2MO
In what ways do you think the guarantee of a basic income could influence cultural and artistic expression in society?
@9L5C5GYConstitution2mos2MO
I think that everything right now is raised too high for current pay rates for the average worker.
@ISIDEWITH3mos3MO
If your basic needs were met by the government, how would your goals and ambitions in life change?
@9KH8WRQ2mos2MO
My goals and ambitions wouldn't likely change. My ability and methods available to pursue them, would.
@ISIDEWITH6mos6MO
How do you feel about a government's ability to spend money without worrying about running out, just by printing more?
@9H6THN36mos6MO
It's reassuring in a way but at the same time it feels like a rip off towards the people who work hard for their own money
@ISIDEWITH3mos3MO
What kind of cause would you dedicate your life to if money was not a concern for survival?
@9KH96L3 2mos2MO
if I could only dedicate my life to one cause it would be one about keeping our environment clean, but if It could be more I would try to dedicate it to most of not all.
@ISIDEWITH3mos3MO
Imagine a world where financial stress is nearly non-existent; how would this impact people's mental and physical health?
@9KH8XXG 2mos2MO
Eliminating financial stress would have a net positive impact on people’s physical and mental health. In particular, it would allow parents to spend more time with their children and gradually reduce the impact of generational trauma that disproportionately affects parts of the American population. It would also give more choices to women (who typically earn less), so they would not need male partners for material support. If men had to be better people to win a female partner, we’d all be better off.
@ISIDEWITH2mos2MO
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