2020/06/15 Modern Monetary Theory Quick Look with Dr. Stephanie Kelton

https://youtu.be/4_1xX2FGYmM
レンズの比喩から…

 mmt is a lens okay well think about what a lens does right if you wear prescription lenses then the idea is that the lens improves your vision right it helps you see more clearly and with mmt a lot of what we're trying to do is just provide people with better vision right with a better picture of how the monetary system that we have today works and once we get a better understanding of our modern monetary system we can begin to ask questions like well how does that change the government's ability to run policy in the interest of the people you and i households we have to balance our budgets we have to live within our means we can't take on too much debt federal government is fundamentally different that it stands in a different relationship vis-a-vis the currency the dollar that the federal government of the united states of america is the issuer of our currency and everybody else is a user of the dollar so we categorize those you know for we compartmentalize households businesses state and local government put them in one category users of the currency the federal government is separate okay it's the issuer of the currency and it has the sole legal authority to issue our currency the us dollar the us dollar comes from the us government and it can't legally come from anywhere else so think about it this way the deficit is the difference between two numbers right when we say the government has run a fiscal deficit we are saying that the government has spent more dollars into the economy than it has subtracted away by taxing us okay that's the government's deficit spend 100 in tax 90 back out we label that a fiscal deficit and people get very nervous about that because we've been taught to think about the government's finances the way that we think of our own personal finances so we say wait you're spending more than you're taking in that's so irresponsible stop that you know cut it out and balance your budget but think about what happens if the government balances its budget so it spends 100 in to the economy and it taxes or removes 100 back out well now the government's budget is balanced but somebody lost out on 10 right when they were running a deficit they put a hundred in spend a hundred and tax 90 back out that leaves ten dollars somewhere in the economy so one of the most important points that mmt makes is that every deficit is good for someone right every deficit is good for someone because the government's deficit is nothing more than a financial contribution to some other part of the economy you.

 mmtはレンズです レンズが何をするか考えてみましょう もしあなたが処方箋レンズを装用しているなら レンズはあなたの視力を向上させます それはあなたがよりはっきりと見えるようにします mmtで私たちがしようとしていることの多くは 今日の貨幣システムがどのように機能しているのかより良いイメージを持ってより良い視力を人々に提供することです 

現代の金融システムをよりよく理解すれば、次のような疑問を持ち始めることができます。 あなたと私の家計の利益のために政策を実行する政府の能力は、どのように変化するのでしょうか。 a- ドルという通貨については、アメリカ合衆国連邦政府が通貨の発行者であり、他の誰もがドルの利用者なのですが、そのように分類しています。政府が財政赤字を出していると言う時に 政府が財政赤字を出していると言う時に 政府が税金を払って差し引いた額よりも 多くのドルを経済に使ったと言うことです 政府の赤字は100ドルを使って 90ドルを税金で返しています これを財政赤字と言います。政府の財政を考えるように教えられてきたからです。私たちは政府の財政を個人の財政と同じように考えるように教えられてきました。予算は均衡していますが 誰かが１０を失っています 赤字の時に１００を投入して １００を使い９０を課税しても 経済のどこかに１０ドルが残ります mmtの最も重要なポイントの一つは 赤字は誰かにとって良いものであるということです 政府の赤字は経済の他の部分への 財政貢献に過ぎないからです

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