Modern Monetary Theory

[Hubb3rt]

Things go awry when money supply doesn't correspond to the total available energy. Does Kelton even consider the finite nature of our resources, particularly oil?

[Hoonose]

Originally Posted by Hubb3rt

Things go awry when money supply doesn't correspond to the total available energy. Does Kelton even consider the finite nature of our resources, particularly oil?

A key point of MMT is we are more typically limited by resources, labor and productivity than USD's. As with WW2. And as such the federal gov't can create the money to increase productivity when and where necessary if underutilized while desired by the private sector.