According to a new study led by a researcher at Freie Universität Berlin’s Otto Suhr Institute of Political Science, the level of gross domestic product (GDP) has no impact on the ability of states with monetary sovereignty to fund investments in radical decarbonization measures and ambitious social policies such as universal public services and a job guarantee. The study, “How to pay for saving the world: Modern Monetary Theory for a degrowth transition,” has just been published in the journal Ecological Economics.
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Source: Phys.org