When will politicians learn what Stephanie Kelton points out?
Modern monetary theory is simply economics for the twenty first century where all money is just a government promise backed by tax. It really is time politicians realised.
Money’s also just the manner of keeping score. What matters is resources – what they do, who gets to tell them what to do.
Issuing more bits of paper doesn’t change the fact that government doing something means someone, somewhere, has to be alleviated of their resources so that government has some resources.