MMT is a very recent rabbit hole that I got into, and before I go on to reflect on anything, I must say again that I am by no means an expert. These posts are intended as collective explorations, and I am not qualified to "educate" anybody on this matter.

In the micro-context of a household dwelling within a larger system, money is a very real limitation, and sustainability isn't always the affordable choice. But when large governments who print their own currency claim that green infrastructure projects are too expensive to carry out, is it a real concern, or is it just a rhetoric?

Conventional wisdom holds that wealth is created in the private sector, and it must be through taxes that the government could get revenue for public projects such as welfare programs and subsidies. MMT flips the theory on its head, instead seeing the money-printing government as the literal creator of wealth, and taxes as a mere tool to take away excess money in an otherwise overheated economy. If this analytical framework holds, there is no such thing as running out of budget for projects like the Green New Deal. As long as there is labour and technological capacity to execute the projects, money can be created.

Here are some resources that got me into thinking about MMT:

Articles:

Books: