MMP Blog #33 Responses
Comments and responses on the Modern Money Primer Part 33.
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Taxation
MMP Blog #32: Milton Friedman’s Version of Functional Finance: A Proposal for Integration of Fiscal and Monetary Policy
Milton Friedman was a conservative economist and a vocal critic of “big government” and of Keynesian economics. Yet, in 1948 he made a proposal that was almost identical to Lerner’s functional finance views.
MMP Blog #28: Government Spending with Self-Imposed Constraints
Even if the government ties its hands behind its back and its shoes together, it makes no difference – the balance sheets still balance.
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MMP Blog #24 Responses
Comments and responses on the Modern Money Primer Part 24.
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MMP Blog #23: The Debate About Debt Limits (US Case)
We should not be fooled by such self-imposed constraints. We should be able to see through them to understand that since they are imposed by government on itself, they can be removed.
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MMP Blog #17 Responses
Comments and responses on the Modern Money Primer Part 17.
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MMP Blog #9: What If the Population Refuses to Accept the Domestic Currency?
The best kind of payment is an obligatory one—one that must be made to stay out of prison, or to avoid death by thirst. An obligatory payment that must be made in the sovereign’s own currency will guarantee a demand for that currency.
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MMP Blog #8 Responses
Comments and responses on the Modern Money Primer Part 8.
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MMP Blog #8: Taxes Drive Money
In short, to avoid the penalties imposed for non-payment of taxes (that could include prison), the taxpayer needs to get hold of the government’s currency.
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