Introduction to Modern Monetary Theory (MMT)

This introductory course offers a comprehensive and accessible exploration of Modern Monetary Theory (MMT)—a bold and evolving school of economic thought that challenges the myths surrounding deficits, taxation, and public spending. MMT turns conventional wisdom on its head by showing that countries that issue their own currency are not financially constrained in the way households or businesses are.

Through ten dynamic lessons, learners will gain a clear understanding of how sovereign economies function, how money is created and destroyed, and how governments can responsibly use their monetary power to achieve full employment, reduce inequality, and invest in public goods without relying on regressive austerity narratives.

We’ll examine key concepts such as the nature of fiat money, the real role of taxes, the relationship between inflation and resource constraints, and the transformative potential of a federal Job Guarantee. Along the way, you’ll uncover the real mechanics behind federal budgets, explore critiques and real-world case studies, and develop the tools to think critically about economic policy and political rhetoric.

Whether you’re an activist, a student, a policymaker, or a curious citizen, this course will empower you to engage in economic conversations with confidence—and envision a more just, sustainable, and democratic future.