Tag: ModernMonetaryTheory
Confusing money with wealth – why the state can’t print prosperity
Modern Monetary Theory (MMT) has found a receptive audience in South Africa, and it is not hard to see why. Eskom's balance sheet lies in ruins, municipal debt continues to pile up in Johannesburg and Tshwane, and the South African Social Security Agency (SASSA) grants remain stretched thin. Against this backdrop, the idea that a sovereign government “can't run out of money” sounds like an answer to almost every fiscal problem.
