If a society takes away all land from citizens and sells it to the highest bidder with its own issued currency and expects everyone to succumb to the employee employer customer model, using said currency then: there must be rules that safeguard all in this gigantic game of post offices/monopoly.
This should be a key insight of MMT: if you take on board the whole system the the privilidge of acting in it brings rules. Like tax and welfare, and guaranteed e everyone can pay their bills, everyone included.
You are totally right in this Darren, and Murphy misses, so far, the point of the guaranteed floor.
Great read. This is the best response to Murphy that I’ve read to date.
If a society takes away all land from citizens and sells it to the highest bidder with its own issued currency and expects everyone to succumb to the employee employer customer model, using said currency then: there must be rules that safeguard all in this gigantic game of post offices/monopoly.
This should be a key insight of MMT: if you take on board the whole system the the privilidge of acting in it brings rules. Like tax and welfare, and guaranteed e everyone can pay their bills, everyone included.
You are totally right in this Darren, and Murphy misses, so far, the point of the guaranteed floor.