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Modern Monetary Theory encourages people to rethink taxes, spending, and public finances by reframing the conversation around money supply.
Modern Money Lab's Steven Hail says Governments shouldn't fixate on delivering budget surpluses. That is because, according to Modern Monetary Theory, New Zealand can't ever run out of money because it issues its own currency. He argues inflation won't be rampant under this system because increasing taxes can reduce the private sector's spending power.
Join Jack Tame and the Q+A team and find the answers to the questions that matter. Made with the support of NZ on Air.