Monday, December 10, 2012

Randy Wray — An Alternative Meme for Money, Part 5: A Spending Meme


We take care of our own

We take care of our own
Wherever this flag’s flown
We take care of our own
Let me repeat and clarify my purpose in this series. I am attempting to initiate a discussion among progressives on how to frame discussions about money and related issues. My perspective is MMT. To be sure, on one level MMT is a description. It provides a correct description of the operation of a sovereign currency system. Some commentators have objected to my progressive framing; they assert that one can accept MMT without the progressive bias. Sure they can. One can understand how money “works” but prefer NOT to use money in the public interest.
New Economic Perspectives
An Alternative Meme for Money, Part 5: A Spending Meme
L. Randall Wray | Professor of Economics, UMKC


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