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.
“Max quizzes me about the failure of negative interest rates, the promise of a Green New Deal or a Trump infrastructure package, and about Ray Dalio’s failure of capitalism claims. I raised the spectre of […]
Part 1: Patricia talks to Stuart Medina of Spain’s Red MMT group about the Eurozone crisis viewed through the MMT lens. Listen here
As Ashoka Mody details in Eurotragedy: A Drama in Nine Acts (Oxford University Press, 2018), however, the euro that emerged was built on a dangerously flawed set of assumptions, ones which have made the euro […]