Global equality and the environment - how do we save these? Modern Monetary Theory (MMT) is a macroeconomic theory that proposes that governments with their own currency have the ability to spend unlimited amounts of money on desirable sectors of the economy. Sustainably productive investments increase budget space According to MMT, government spending is limited by inflation and not by public debt....
Category: Latin America
Naomi Klein proposes cooperation for indebted Euro nations
Naomi Klein puts forward the proposal that the indebted Euro countries could cooperate in negotiations with the lenders and the IMF in order to obtain significantly more sustainable and socio-economically constructive ways of solving the debt crisis. When South America's indebted countries got left-wing governments that began to cooperate against lenders and the IMF, this was one of the starting points for the South American economic boom.