Finance Capital Parasites Capture Modern Monetary Theory

Modern Monetary Theory (MMT) was once vehemently opposed by right-wing capitalists because it advocated government deficit spending. The original purpose of MMT was to run a government deficit in order to increase demand, move to full employment, raise wages and improve the standard of living. But MMT has been captured by the finance, real estate and insurance capitalists for purposes of credit and debt creation. This only makes the real economy worse.

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