Global Institute for Sustainable Prosperity – Ecological Tax Reform + Functional Finance

In this episode in our Green New Deal series, GISP Research Director Mathew Forstater discuses a proposal to combine ecological tax reform with Functional Finance. Ecological tax reform would use taxes, fines, subsidies, regulations, and other incentive-based tools to encourage a transition to sustainability. Functional Finance explains why we needn’t link taxes directly to spending by the national government, as the purpose of taxation is to prevent inflation and influence behavior, not to provide dollars for the government to spend. Hosted by GISP Research Director Mathew Forstater.