Available online free here
Booklet contents
- Modern monetary theory and the background to this explanation
- MMT as a theory
- MMT’s economic model
- MMT, money and the economy
- The theory – a summary
- MMT – the implications
- A. The command of resources
- B. Taxation
- C. Borrowing, the national debt and government provided safe deposit facilities.
- D. Book balancing
- E. Governments and money markets
- F. Quantitative easing
- G. Interest on the ‘national debt’
- H. The control of inflation
- I. Full employment
- Richard Murphy biography
