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Sean Bryan Profile picture
Sean Bryan
@seanpbryan
Geoscientist @warnercollege @ColoradoStateU | Past and present climate, carbon, geology, Geo Ed, JEDI, #OER | he/him
Oct 26, 2018 • 5 tweets • 3 min read
I had never heard of Modern Monetary Theory #MMT until this @planetmoney podcast. It piqued my interest and I started reading more about it. It has completely transformed the way I view govt. spending and what govt. should be doing.
npr.org/sections/money…
1/4 I'm still trying to understand a lot of this, but my big takeaways are:
1) Taxes do not fund federal govt. spending; the govt. creates money and then removes it through taxes. So, it is impossible for the federal govt. to run out of money; it cannot default.