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>From the recent discussion here it seems to me that MMT is a view of the relationship between a state and fiat currency and a theory of how a state could use fiat currency and economic planning to implement full employment. Actually existing states are instruments of the ruling class in class societies. Has MMT ever been put in practice by a state? Would a capitalist state commit to full employment? Maybe MMT could be used by a workers state after a socialist revolution has removed the capitalist class from state power. If MMT was ever practiced by a state it might be possible to examine whether MMT's apparent claim that there is no relationship between the value of a currency and the labor theory of value is valid. _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
