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.
... my message was not getting through. Telling people point blank that taxes do not fund spending always leads to a change in subject. It always leads away from what is so very important about MMT. Which is that MMT describes how macroeconomics operates in the modern world.
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.