Modern Marxist Monetary Theory or MMMT

14 May 2021 — theplanningmotivedotcom

MMMT has to solve two issues. Firstly, how can token money, that is money without any intrinsic value, circulate valuable commodities. Secondly, why do prices not fall in line with the cheapening of production in terms of labour time when circulated by this symbolic money. This article briefly addresses these two questions. 


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