this post was submitted on 02 Feb 2025
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Yes, this is all well accounted for in MMT. I recommend reading a bit more on the website I linked or on the wikipedia page about it.
What this page reads as is some socialist wishes, but not a reflection of reality. We do issue bonds as a means of funding operations, there are no government guaranteed jobs, and while as I'd mentioned taxes may be viewed as a form of inflation control by reducing currency circulation, this is really only a view difference of spending from a bank account vs a credit card.
My grandfather was part of one of those government job programs in the early 1900s that was created to combat massive unemployment, but today we just put people on the street or in jail