Rethinking Fiscal Policy with MMT

This chapter explores the implications of Modern Monetary Theory (MMT) on the Labour Party's economic strategies, arguing for a reframing of public spending narratives. It emphasizes the potential for grassroots movements within the party to advocate for a more equitable society, focusing on healthcare, education, and climate action. The discussion also critiques existing neoliberal policies and explores historical examples, suggesting that nations can better manage their economies through progressive economic thinking and better understanding of monetary systems.