LeLand,

Some brief answers to the questions you raised in your document:
(1). Could student loans be offered interest-free?

~~~ Yep. Better yet, current student debt could be cancelled, and we could have tuition-free college (just like K - 12 currently is). 

(2). Can the national debt grow without limits or consequences?

~~~~ Nope. The productive capacity of a nation is the limit, and inflation is consequence of exceeding that limit. However, the national debt is simply all the dollars ever spent into existence minus all the dollars ever taxed out of existence. More precisely, it is the combined reserve accounts and the securities accounts at the Fed plus the cash in the economy. In short, it is net money supply.

(3). Can we eliminate taxes?

~~~~ No. Taxes drive the currency and function as a tool to properly manage the economy. But we could rethink federal tax policy in terms of their effect on the economy instead of federal taxes funding federal expenditures, (when it's actually the federal spending that funds federal taxpayers!)

(4).  Can the federal government readily provide each of us with a generous Citizen's Dividend?

~~~ It could. But should it?

(5). Could we end poverty with a few pen strokes?

~~~~ Pretty much

(6). Is this all too good to be true?

~~~~ Nope.

Have a good one,

Jason









    On Monday, September 21, 2020, 08:18:07 PM EDT, nysa71 <[log in to unmask]> wrote:  
 
  Thanks, LeLand! I was glad to have the opportunity, and I hope others found the discussion helpful and sparked their curiosity to learn more about MMT. I look forward to reading your review from a few years ago.

~ Jason
    On Monday, September 21, 2020, 07:06:54 PM EDT, Leland Beaumont <[log in to unmask]> wrote:  
 
 #yiv8177365691 #yiv8177365691 -- filtered {}#yiv8177365691 filtered {}#yiv8177365691 p.yiv8177365691MsoNormal, #yiv8177365691 li.yiv8177365691MsoNormal, #yiv8177365691 div.yiv8177365691MsoNormal {margin:0in;font-size:11.0pt;font-family:sans-serif;}#yiv8177365691 span.yiv8177365691EmailStyle17 {font-family:sans-serif;color:windowtext;}#yiv8177365691 .yiv8177365691MsoChpDefault {font-family:sans-serif;}#yiv8177365691 filtered {}#yiv8177365691 div.yiv8177365691WordSection1 {}#yiv8177365691 
Jason gave us a great account of MMT and its possibilities at tonight’s forum.

Attached is a review I write a few years ago about a short (41-page-long) book introducing MMT.

Others may also find the book Diagrams & Dollars a good introduction to the topic.

  

Lee Beaumont 
 ############################
To unsubscribe from the TOK-SOCIETY-L list:write to: mailto:[log in to unmask] click the following link:http://listserv.jmu.edu/cgi-bin/wa?SUBED1=TOK-SOCIETY-L&A=1
    

############################

To unsubscribe from the TOK-SOCIETY-L list:
write to: mailto:[log in to unmask]
or click the following link:
http://listserv.jmu.edu/cgi-bin/wa?SUBED1=TOK-SOCIETY-L&A=1