First, let me be clear about something, Modern Monetary Theory (or MMT for short) for those that aren’t familiar (and even for some that are) is a description of how most sovereign money economies actually work. It is a description . It is the moral equivalent of the is – ought distinction (MMT is the is where as UBI might be the ought ).
But just as a person who is consciously aware of how a harmful act might affect others and therefore make value judgement’s (like starving someone is bad) a person who understands MMT as a description of […]
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