Seems #MMT is getting attention for a lot of stuff lately, so I wanted to check in to see which MMT-informed policy suggestions have been implemented so far:
- Job Guarantee
- 100% bank deposit guarantee
- ZIRP
- Strict regulation of bank assets
- Improved automatic stabilizers
- Target non-essential sectors of the credit channel for demand management
- Raise rates on investment income (div/cap gains, etc)
- Increase progressive rate structure & increase influence of property taxes over W-2 income taxes
- End payroll taxes
- Rethink/end corporate taxes
- Student debt forgiveness & fund pre-career tuition
- Federally funded health & child care
- Decarbonization with just transition (GND) to minimize impact on poor
...
... I know I'm missing a lot here but does anyone know which of these policies is/are the one getting all the attention for causing problems today?
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How do you react to the metaphor "running the printing presses"? Most probably have a -ve emotional response triggering inflation fears. But one could just as easily picture a +ve image of a utility running pumps to supply needed water to society. patrioticmillionaires.org/2017/07/25/lik…
Saying we shouldn’t deploy the currency (run the press) to meet public needs is like saying the utility shouldn’t run the pumps to supply water, or the military shouldn’t be fully deployed to defeat an invasion. It’s what it is designed to do.
Of course, the utility shouldn’t flood the city, nor should it connect its pipes only to businesses and wealthy neighborhoods & make everyone else carry water for (or rather from) the rich. This doesn’t mean the pumps should stop running - it means they should serve the public.