The University Community As A Microcosm Of The National Economy
In sum, MMT suggests that the printing of money can be calibrated to the fulfillment of short and long term needs. Money could and should be provided for health care for all, support for education (K through university), structural renovation, transitioning away from fossil fuels, the creation of jobs for all and universal basic income programs, and support for a Green New Deal. These programs were vitally needed before the pandemic and are even more essential since its onset. Of course, cutting military spending, pork-barrel legislation, and creating a progressive tax system helps. But the human needs articulated by progressives should be defended. And doing so requires a realistic assessment of the causes and consequences of the national debt. History has shown that the idea of “the debt” has been an ideological tool used to challenge the creation of a just society.