これはマジです。まともな経済学者や金融の人はMMTなぞガン無視。マスコミすら取り上げませぬ… https://t.co/YnpkgEgtaa
— めいろま「世界のニュースを日本人は何も知らない3」発売中 (@May_Roma) January 2, 2022
David Atkinsonさんがリツイートと国債発行にだけ制限される必要がないということと、税は財源ではない、という和製MMTの言い方は、アメリカのMMT論者の主張の誤解と思います。
— David Atkinson (@atkindm) December 30, 2021
税を財源とする支出は、あくまでも、供給した貨幣を消滅させたということで、需要が貨幣量を純増させていない論理的帰結と解釈するべきでしょう。
「脳細胞の活動が低下してない?」脳細胞の活動が低下してない?https://t.co/Vv0QeigUx8
— Blackbriar (@Blackbr49464745) January 1, 2022
Despite James Mackintosh’s suggestion in “Streetwise: Modern Monetary Theory Isn’t Coming in the Future. It’s Here Now” (Markets, Nov. 22), MMT remains a niche theory endorsed by only a small but vocal group of far-left economists. Even mainstream but left-leaning economists eschew MMT.
MMTが影響力を増していることに対する反動。
Taxes create an ongoing demand for currency and are a tool to take money out of an economy that is getting overheated, says MMT. This goes against the conventional idea that taxes are primarily meant to provide the government with money to spend to build infrastructure, fund social welfare programs, etc.
MMT theorists explain that debt is simply money that the government put into the economy and didn’t tax back. They also argue that comparing a government’s budgets to that of an average household is a mistake.
According to MMT, the only limit that the government has when it comes to spending is the availability of real resources, like workers, construction supplies, etc.
Tax Theory: Are We All Modern Monetarists Now?
MMT, however, allows for very large and more or less permanent deficits as long as inflation and interest rates remain low. Traditionally minded economists, both left and right, tend to find that unsettling, to say the least. But in recent years, they’ve also been forced to acknowledge that MMT — or at least elements of it — can help explain a puzzle that more traditional economic theories don’t, at least not well: Why have interest rates remained persistently low despite years of large federal deficits and soaring government debt?MMT has some answers to that puzzle — answers that have won it attention in some unlikely places, including Wall Street. But there also seems to be a widespread suspicion that MMT has invaded the soul of the Democratic Party — a perception aided, no doubt, by the favorable attention given to it by party luminaries like Rep. Alexandria Ocasio-Cortez, D-N.Y.MMT has some interesting things to say about taxes. Most basically, it challenges the idea that taxes are linked to spending in any meaningful way. Under traditional ways of thinking, the government collects money through taxes and then decides how to spend it. Under an MMT way of thinking, the government decides how to spend money and then just goes ahead and spends it. Whether the government decides to levy taxes depends on other factors, not on the need to raise money for its spending priorities.Revenue, in other words, does not constrain spending in the world of MMT. And to be fair, this seems like a pretty good description of the way the United States has been making spending decisions for a while.
Under MMT, taxes still have a role to play. Two roles, in fact. First, a government levies taxes to make its sovereign currency valuable. By requiring people to pay their taxes in dollars, the U.S. government guarantees that people will do many other things with those dollars — earn money, spend money, lend money, etc. Taxes make dollars the currency of choice, rather than some alternative like bitcoins or euros.
The second reason a government levies taxes in a world defined by MMT is to control inflation.
The problem with using taxes to control inflation is that it requires politicians to play the heavy. And to do it quickly
MMTは主流ではないが、無視できない存在になってきている。(だからこそWSJでとりあげるのだろう)
日本のMMT論者の税金の理解は間違っていない。税は財源ではなく、インフレ抑制対策として使われ、また、ビトコインではなく円なりドルなりで税金を支払わせることによってその紙幣の価値を維持するためにある、というのがMMTの主張。
MMTもインフレと高金利には警戒してる。
インフレが起きたとき政治家が断固として増税できるか疑わしい、という懐疑論もでている。
・・・・MMTが正しいのかわからん経済オンチのおれが書くのも何だが・・・議論のエチケット・・・・相手の人格を馬鹿にしない、相手の主張は適切に組み立てたた上で批判する、などなど・・・は守らんとね。
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