Orthodox economists do not examine how an economy operates instead using complex models making it inaccessible. Modern Monetary Theory examines the economy then simplifies it using clear language and the morality bias of law to describe MMT so everyone can understand macroeconomics.
We have had meetings now for months, and every week we would report progress and occasionally mention the bigger picture. This time I asked each member to flip it around and make their focus the bigger picture.
People often dismiss economic conversations assuming they understand the basics. The government collects taxes, spends that money and then some, causing deficits. Then, the Government borrows money to cover the deficit...
MMT will not make racism and xenophobia go away and there will still be a need to understand that Black Lives Matter. But still, it will be as big of step in the right direction that the gains made in the 1960s were.
Reading it, the intention of the preamble is pretty clear, it is America’s mission statement. It stands separate from the details of the Constitution and establishes a set of standards for the United States.