Let There Be Money: Understanding Modern Monetary Theory and Basic Income

What is money? How is it created? What’s the point of taxes and how should they be implemented? Are federal deficits bad for the economy? Would abolishing poverty lead to higher inflation? Is inflation something to avoid? These are just some of the questions Scott Santens explores in order to answer the biggest question of all about the concept of universal basic income (UBI) and virtually all government spending in general: “”How do we pay for it?”” Utilizing modern monetary theory (MMT), Santens leads readers through a fascinating journey. He connects the economic dots in a way everyone can understand in order to clearly see the big picture that is humanity’s relationship to money and what’s truly possible with it if used to its maximum potential. With a shift from money-based thinking to resource-based thinking, Santens masterfully communicates the need for MMT to be embraced by policymakers, and the need for MMT advocates to embrace UBI and evidence-based policymaking. MMT’s incorporation of UBI provides us the means to finally build an economy that works for everyone, built with a mindset of abundance on an unconditional foundation of human rights and opportunity for all. —- ISBN: 9798781516377 | ISBN10: B09NH31Y4C | ISBN-13: 979-8781516377