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bc1qwelwgls696z3gjgx2x9tj2hj7kdy5t0k887wedPolitical view · Left
Modern monetary theory
Argues that governments issuing their own currency can spend to reach full employment, constrained mainly by inflation rather than debt.
Associated with: Stephanie Kelton, Warren Mosler, Randall Wray.
Modern monetary theory sits in the left-libertarian part of the Caucus economy and liberty compass: strongly state-led and slightly libertarian. The clearest positions are strongly state-led on economy, leaning progressive on culture and leaning tech-optimist on technology. The profile is close to the middle on interventionism.
Where modern monetary theory sits on ten dimensions
This is a broad family of ideas, so real people and parties who hold it differ from the profile below. The dot shows the typical tendency.
💰EconomyStrongly state-led
State-ledFree market
⚖️Liberty and authoritySlightly libertarian
LibertarianAuthoritarian
🎭CultureLeaning progressive
ProgressiveTraditional
🌍NationSlightly globalist
GlobalistNationalist
🌱EnvironmentSlightly nature-first
Growth-firstNature-first
🤖TechnologyLeaning tech-optimist
Tech-cautiousTech-optimist
🕊️War and peaceSlightly peace-first
Peace-firstStrength-first
🏛️InstitutionsSlightly institutional
Anti-establishmentInstitutional
🙏ReligionLeaning secular
SecularReligious
🛡️InterventionismCentered on interventionism
Non-interventionistInterventionist
People active today who fit
People from history who fit
Similar political views
Market socialismCombines worker or public ownership of firms with markets and competition.99%Social democracyKeeps a market economy but adds strong public services, unions and progressive taxes to…99%LabourismDraws on trade unions and working-class communities to win better wages, rights and…99%Basic income movementArgues that every citizen should receive a regular, unconditional payment to end poverty…99%
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Views are simplified profiles built from public writings and records, and they are open to debate. Percentages show how close two profiles are across all ten dimensions.