
#15 Warren Mosler, Bill Mitchell, Patricia Pino, Chris Cook: Modern Monetary Theory and the economics of an independent Scotland
The MMT Podcast with Patricia Pino & Christian Reilly
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The Wealth Equation: Exports, Imports, and Modern Monetary Theory
This chapter explores the complexities of real wealth in economic terms, focusing on the dynamics of import and export and their impact on a nation's prosperity. It delves into Modern Monetary Theory (MMT) and its implications for public debt, currency independence, and job creation, particularly in the context of Scotland's potential independence. By challenging conventional views on trade deficits and economic policies, the chapter advocates for a rethinking of wealth distribution and the utilization of resources to enhance domestic output and employment.
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