“the government’s red ink is our black ink.”

@yononakawoyokushitai_ch

##三橋貴明 ##反緊縮 ##ＭＭＴ

♬ オリジナル楽曲 - Yononakawoyokushitai_ch

Modern Monetary Theory For Conservatives It’s time to debate to what ends, not whether the government should spend. Ryan Rodrick Beiler/Shutterstock MARCH 24, 2021|12:01 AM JONATHAN CULBREATH

According to MMT, no sovereign state that issues its own currency can ever run out of money. This is because it simply “prints” its money in order to pay for whatever operations it deems necessary.


It follows that taxes do not amount to the accumulation of wealth for the government. Rather, they amount to no more than the extinction of money from the economy. Like God, the government giveth, and the government taketh away; the government spends money into the economy by printing it and removes money from the economy by taxing it.

As MMT theorists are fond of pointing out, what we call the government’s deficit actually amounts to nothing other than the people’s surplus. As Kelton often repeats, “the government’s red ink is our black ink.”