Learn it!: L. Randall Wray on MMT (Modern Money Theory)

Professor L. Randall Wray, Economics, University of Missouri-Kansas City, is an expert on MMT (Modern Money Theory), which he makes very accessible to non-economists (kudos to him for that!):

Part 1

Part 2

Part 3

Part 4

Part 5

Part 6

You'll notice that Thom Hartmann mentioned the government printing or creating debt-free money: United States Notes. Why that hasn't caught on like wildfire is because people just won't take the time to analyze the very, very simple difference between the government issuing bonds before creating money versus the government simply issuing the money without issuing the bonds.

The United States government does not, repeat, does not, have to issue bonds before creating money that is introduced into the real economy. We do not need a national debt to afford anything at all. We have zero shortage in our ability to create money, and we are no where near hyper-inflation and don't ever have to get near it if we issue money for truly productive capacity including labor (good wages and salaries).

Honestly, if you don't take the time to comprehend this and to spread it to everyone you know, you are doing everyone a huge disservice (except for the plutocrats who do not want it either known or spread). The plutocrats want, and live off, wage slaves, plain and simple.

See also: How to Fix the Economy

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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