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Episode 107: Modern Monetary Theory The Government as Referee, Player, and Scorekeeper

Words & Numbers

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The Importance of Solvency

"How do you actually pay for things that just change the number? There's no other way to do it," he says. "You can see that Congress has the imperatives backwards, as does the press and the mainstream media." MMT tells the money story like this: We have a government that wants public infrastructure for public purpose but doesn't have any actual resources. Other people to do these things are in the private sector.

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