If You Can Just Print Money, Why Do I Pay Taxes?

What if the government could fund anything it wanted by simply creating money out of thin air? That’s the promise of Modern Monetary Theory (MMT), a radical economic proposal gaining traction among politicians, activists, and academics.Advocates say that, with the right precautions, governments can create money to end unemployment, fight climate change, and much more - all without raising taxes. In If You Can Just Print Money, Why Do I Pay Taxes?, author Emmanuel Maggiori walks you through MMT in plain language and shows you why its arguments don’t hold water.Maggiori debunks MMT step by step, offering compelling, informed, and rigorous counterarguments against all of its foundational claims.The author explains why MMT-inspired “money printing,” far from guaranteeing prosperity, could be a recipe for inflation, instability, and stagnation. Inside the book: Why MMT’s proposed job guarantee - meant to end unemployment - could backfireHow MMT misreads inflationHow MMT relates to quantitat