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submitted 1 year ago* (last edited 1 year ago) by davetapley@lemmy.world to c/workreform@lemmy.world

A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

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[-] unfreeradical@lemmy.world 1 points 1 year ago

Fiat money maintains its value largely because the government will purchase labor, goods, and other assets without any concern for gain versus loss.

The state therefore generates demand even when and where private entities will not or cannot hire workers, make purchases, or invest.

this post was submitted on 22 Sep 2023
72 points (81.6% liked)

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