From what I understood The MMT theory doesnt eliminate taxes. It gives another use to it: instead of being the way to fund government expenses it is used to reduce the circulating money and reduce the inflation.
From what I understood The MMT theory doesnt eliminate taxes. It gives another use to it: instead of being the way to fund government expenses it is used to reduce the circulating money and reduce the inflation.
RE: MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?