Summary::A long conversation with Warren Mosler discussing the origins of MMT. # Links # References # MMT Is Misunderstood Warren Mosler - YouTube I have not finished watching this video, but one thing I need to point out is that Mosler claims that the need for money originates from the need to pay taxes. The obligation to pay taxes creates unemployment because people need money in order to pay their taxes. It seems that the fundamental premise of MMT is that government does a better job at managing resources than the free market will. Philosophically I disagree with the idea of government being efficient, but theory proves that because of the calculation problem government cannot manage resources efficiently and effectively. I might try to watch more of this video, if my head can take it Clipped from [MMT Is Misunderstood | Warren Mosler - YouTube](https://www.youtube.com/watch?v=LCUPBpSiISU) at 2024-03-24.