Making Money Work for Us - How MMT Can Save America

Money is a flexible tool that can be used to mobilize collective resources to serve those who need them, according to Modern Money Theory (MMT) advocate Randy Wray. He shows how sovereign governments spend by keystroking money to bank accounts, and taxes do not fund spending. This book offers a new American political and economic orthodoxy that can replace the dominant conservative framework.

Format: Hardback
Length: 224 pages
Publication date: 23 September 2022
Publisher: Polity Press

Money, a vital resource, holds significant value and scarcity, necessitating robust fiscal discipline. The government must maintain a balanced budget or face the risk of financial ruin. However, is money merely a rigid tool limited to financial management, or can it be a flexible instrument capable of mobilizing collective resources to serve those in need?

In his groundbreaking book, "Modern Money Theory (MMT)," renowned MMT advocate Randy Wray challenges the conventional belief that money is a constraint on public policy. Wray argues that the only real limitations on public policy are physical resources, technological capacity, and political will. Contrary to popular belief, taxes do not fund spending; rather, modern sovereign governments spend by keystroking money into bank accounts.

By recognizing this fundamental truth and reorienting our perspective on money and debt, we have the potential to unlock the full wealth of our nation. We can use money to create jobs, eradicate unemployment, and ensure the well-being of our citizens. The United States, in particular, can harness the power of money to work for its benefit.

This book offers a compelling account of how MMT can become a new American political and economic orthodoxy, permanently replacing the dominant conservative framework. It is a must-read for all progressives who seek to create a more equitable and prosperous society.

Weight: 352g
Dimension: 144 x 222 x 22 (mm)
ISBN-13: 9781509554256