What is Modern Monetary Theory – 12/3/20

Our Special Guest this week is Joe Thorndike, helping to shed light on Modern Monetary Theory (MMT) and how it applies to CPAs. According to MMT, what is the point of taxes and do deficits matter? Who is leveraging these philosophies and what might happen if they do? Listen as we discuss these topics and more!

Episode Talking Points:

• What is the purpose of taxes within MMT?
• How might we use taxes differently than in the past?
• What’s going to happen if our tax laws drift left?
• Does MMT allow us to act fast enough?
• Can we predict the future of this?