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1 day agoNoone gets it really. The government collects it, but then it “burns” it, just like it does tax revenue.
Noone gets it really. The government collects it, but then it “burns” it, just like it does tax revenue.
The National Library of Norway has an AI-lab that finetune some models; amomg them Whisper.
How is that? In my view, MMT follows logically from the simple accounting idintity that debits and credits must balance, and the oberservation that the government is the monopoly issuer of its own currency. I’d be glad to hear your perspective though.