Consumer Monetary Theory
 

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In 2018, I started having conversations with people about the practical considerations behind a Universal Basic Income (UBI) and similar policy ideas. This led me to discover the work of Alex Howlett and Consumer Monetary Theory (CMT).

CMT is a framework for understanding the nature of money as a standard of value, and how tokens representing this standard grant people access to the economy's output. CMT aims to provide sound macroeconomic answers to questions that have emerged around proposals for a basic income.

CMT basics:

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Basic Income &
Full Output Policy

Derek Van Gorder, 2020

For more information:

Social media:

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For more details, I recommend exploring Alex Howlett's reddit thread commentary on Columbia University's Money and Banking course: