Absolutely! and I do wonder if modern monetary theory can give us the answers. Have we won the lottery but we're too stupid to see it? could we have whatever infrastructure we need, as many houses and flats as we need, the schools, the hospitals, the leisure centres, the universities, the JOBS, effectively by a stroke of the pen? MM theorists get upset when you talk about 'printing money' because there are some caveats - as far as I can understand, the money has to be spent on local goods and services or it will cause inflation - but is this the way forward? all those human rights that don't get talked about because no government will fund them: can they now be invoked?
Absolutely! and I do wonder if modern monetary theory can give us the answers. Have we won the lottery but we're too stupid to see it? could we have whatever infrastructure we need, as many houses and flats as we need, the schools, the hospitals, the leisure centres, the universities, the JOBS, effectively by a stroke of the pen? MM theorists get upset when you talk about 'printing money' because there are some caveats - as far as I can understand, the money has to be spent on local goods and services or it will cause inflation - but is this the way forward? all those human rights that don't get talked about because no government will fund them: can they now be invoked?
and this is not do-able in the EU (I think?) because of the common currency but in a sovereign economy like the UK, it seems to be possible....?
Thank you Umut for your common sense observations.