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This book is about the insane gambling of international financial markets and the direct impact of their activities on our pensions, daily bread, energy, and housing; but also on the biosphere.
“central bank should be forced to accept the fact that a certain amount of unemployment was necessary to keep inflation stable. As we will see, MMT contests this framework.”
― The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
― The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
“The government doesn’t want dollars,” Mosler explained. “It wants something else.” “What does it want?” I asked. “It wants to provision itself,” he replied. “The tax isn’t there to raise money. It’s there to get people working and producing things for the government.”
― The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
― The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
“At the risk of seeming ridiculous, let me say that the true revolutionary is guided by a great feeling of love. It is impossible to think of a genuine revolutionary lacking this quality.”
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“Fascist politics can dehumanize minority groups even when an explicitly fascist state does not arise.”
― How Fascism Works: The Politics of Us and Them
― How Fascism Works: The Politics of Us and Them
“Your taxes don’t actually pay for anything, at least not at the federal level. The government doesn’t need our money. We need their money. We’ve got the whole thing backward!”
― The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
― The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
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