Modern Monetary Theory

Modern Monetary Theory (MMT) is a heterodox macroeconomic school that describes the operational mechanics of state spending under a sovereign, non-convertible, free-floating fiat currency. Its central operational claim is that a currency-issuing government spends the unit into circulation first, and taxation removes the unit from circulation afterward. The orthodox sequence taught by sound finance (taxes fund spending) is reversed.

To see the relevance of MMT to the BioHub, see the full MMT Framework.