MMT and LVT
I've been trying to understand Modern Monetary Theory, partly to see how it relates to the single tax. According to Bill Mitchell, writing four years ago at Economic Outlook, "In general, the Georgists I have come across and the literature produced by those sympathetic to the Single Tax idea, is problematic because there is a presumption that national governments need tax revenue to fund their spending. Clearly, this is an assertion that MMT rejects at the most elemental level. " Curious. I suppose I shall have to learn more about MMT.