Re: Modern Monetary Theory and Taxing the Rich Archived Message Posted by Ken Waldron on February 20, 2019, 2:31 pm, in reply to "Modern Monetary Theory and Taxing the Rich" "The point is that the federal government does not need taxes for revenue, since it can just print money. It instead taxes to create the room in the economy for government spending. " Whats he on about? The purpose of taxation according to MMT is to stabilise the value of currency and control inflation. nothing to do with "creating room" in the economy (- like there isn't enough already? - ask the unemployed.) It just comes across as total hogwash. Message Thread: Modern Monetary Theory and Taxing the Rich - Keith-264 February 20, 2019, 9:10 am Re: Modern Monetary Theory and Taxing the Rich - Ken Waldron February 20, 2019, 2:31 pm   Searching