MMT Primer

MMT, or Modern Monetary Theory, is an economic perspective that emphasizes a country’s ability to issue its own currency. It suggests that such a government can create money to fund public spending without worrying about deficits in the traditional sense. Instead, MMT focuses on inflation and resource use as constraints, not the availability of money itself. The theory advocates for government investments in areas like healthcare, education, and infrastructure, believing these can foster economic growth and stability. In essence, MMT redefines how governments manage money, emphasizing targeted spending over balancing budgets as the primary goal.