Real Resources Over Printing Money

Modern Monetary Theory emphasizes the importance of real resources over printing money, highlighting that labor and resources are essential for economic growth. The theory aligns with Marxism to some extent, as it focuses on a post-money world where labor vouchers replace traditional money. MMT is a descriptive theory that can be adopted by various political ideologies, including Marxists, social democrats, and right-wing nationalists, as long as they accept its foundational insights. While some on the left might object to MMT due to its association with social democrats, the key lies in understanding its core principles rather than expecting political parties to solve economic issues.