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<div style="RIGHT: auto">The following could be listed in connection with MMT.</div>
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<div style="RIGHT: auto">1. Mainstream economists would regard the idea that new non-repayable money could be created by governments (ie MMT)thereby replacing tax would be seen as being "too inflationary."</div>
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<div style="RIGHT: auto">2. The concept from the US point of view that goverments should create their own money sans taxation (except for controlling inflationary pressures where, and when necessary) would be seen as giving elected representatives "too much power!"</div>
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<div style="RIGHT: auto">3. The most obvious obstacle to MMT is ofcourse the Global <VAR id=yui-ie-cursor></VAR>Bond Market which would resist any attempt to reduce, or irradicate its power.</div>
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