Monetary Sovereigns, Monetary Subjects: Modern Money & The Criminal Legal System


New Economic Perspectives has the article Monetary Sovereigns, Monetary Subjects: Modern Money & The Criminal Legal System.

So, there’s financial domination intertwisted with carceral domination. So what? Why should we care about looking at things this way? Because it affects our strategy. As the saying goes, “if you don’t know where you’re going, you’ll end up somewhere else.”

In an article in the Boston Review last fall, Donna Murch, a Professor of History at Rutgers, said that we need:

“…a larger reexamination of the economic and extractive dimensions of mass incarceration… apart from establishing more equitable means testing of people brought before the courts.”

I strongly agree. I would obviously propose the Modern Money view as the method of reexamination.

Here is an enlightened way to look at the monetary system and its relation to the criminal justice system. There is a grain of truth when the libertarians complain about the coercive nature of the monetary system. It is just that they don’t understand the system well enough to know what is wrong and what is right about the system. Their proposals are as likely to be harmful as they are to be helpful. I believe that the author of this article, touting Modern Money Theory, has the understanding to know how things work and how to make them work better for the society as a whole.

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