Monetary Thesis

Monetary Thesis

You Got Richer on the Tax Form—and Nowhere Else

Imagine buying an asset for $100,000 many years ago. That $100,000 represented a certain amount of purchasing power at the time. Years later, inflation may mean that it takes $150,000 just to command the same general purchasing power. If you sell the asset for $150,000, it may look as though you earned a $50,000 profit. In real terms, however, you may simply have preserved the purchasing power of your original investment. The tax calculation does not necessarily see it that way. It sees an asset

Monetary Thesis

What Is Monetary Mastery? And Why Is It Different From Money Mastery and Financial Mastery?

Understanding how to manage money is important. Understanding the system that creates, distributes, and determines the value of money is something entirely different.

Monetary Thesis

Deficit Spending and the Transfer of Costs to Future Generations

Government borrowing is a claim on future income. When the Treasury issues bonds, it receives money now and promises to pay interest and principal later. Those future payments must come from somewhere. In practice they come from future tax revenues, from further borrowing, or from money creation. Each route imposes costs on people who were not yet voting, working, or in many cases even born when the original spending occurred.

Monetary Thesis

Why Modern Monetary Theory Is Not Factual — Expanded Evidence from Institutions, Data, History, and Formal Tests

Several of MMT’s central descriptive claims do not match institutional reality, its inflation framework struggles with observed data, formal empirical tests reject its policy rules, and the approaches associated with it have a repeated record of producing high inflation, currency instability, and falling real wages.