Reddit reviews Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, Second Edition

Just to add to the other replies, here is part of a talk that explains part of the relationship between MMT and FJG.
https://youtu.be/7sd-ElKMbPI?t=508

Economics Professor L. Randall, one could say "wrote the book"
https://www.amazon.com/gp/product/1137539909/ref=dbs_a_def_rwt_bibl_vppi_i0 on MMT.

To get an idea on how most people in the field view MMT, although the phrasing of the question may indicate a bias more hostile towards MMT, this answer, https://www.youtube.com/watch?v=EbG6rLgw7_Y by the current Fed Chair is a good summary.

MMT and FJG are not necessarily tied to each other, it's just that the framework that many MMT advocates currently hold uses FJG.

i.e.
There is not a, MMT derived, theoretical reason why a country's MMT based economic policy would not work with or without the FJG. The same would hold true for a FD or UBI.


Note:
To really understand MMT, its context and implications one really needs to dig deep into traditional economics, quantitative social science, and heterodox economics. MMT is, in a tiny way, like quantum physics in the sense that if anyone tells you they really understand modern monetary policy and how MMT fits into it, they don't. Hence why you'll get many replies to the question "What is MMT?" that are seemingly unconfident.

The Institute for New Economic Thinking's youtube channel is a good resource that is presented in a manner that most people can understand.
https://www.youtube.com/channel/UCp5hG8rt1z2MJ9aNVxY2Xdg

There are many books I could recommend, but Principles for Navigating Big Debt Crises by Ray Dalio is available for free, link: https://www.bridgewater.com/big-debt-crises/Principles-For-Navigating-Big-Debt-Crises-By-Ray-Dalio.pdf and while it would be a roundabout way to understanding econ policy the first 15 pages or so should give one enough context to better understand what people are talking about in regards to policy recommendations and MMT.

For an overview from an MMT perspective:

Modern Monetary Theory and Practice: An Introductory Text - by Prof W F Mitchell (Author), Prof L R Wray (Contributor), Prof M J Watts (Contributor)

>Modern Monetary Theory and Practice: An Introductory Text is an introductory textbook for university-level macroeconomics students. It is based on the principles of Modern Monetary Theory (MMT) and includes the following detailed chapters: Chapter 1: Introduction Chapter 2: How to Think and Do Macroeconomics Chapter 3: A Brief Overview of the Economic History and the Rise of Capitalism Chapter 4: The System of National Income and Product Accounts Chapter 5: Sectoral Accounting and the Flow of Funds Chapter 6: Introduction to Sovereign Currency: The Government and its Money Chapter 7: The Real Expenditure Model Chapter 8: Introduction to Aggregate Supply Chapter 9: Labour Market Concepts and Measurement Chapter 10: Money and Banking Chapter 11: Unemployment and Inflation Chapter 12: Full Employment Policy Chapter 13: Introduction to Monetary and Fiscal Policy Operations Chapter 14: Fiscal Policy in Sovereign nations Chapter 15: Monetary Policy in Sovereign Nations It is intended as an introductory course in macroeconomics and the narrative is accessible to students of all backgrounds. All mathematical and advanced material appears in separate Appendices.

Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems - 2nd Edition
by L. Randall Wray

>This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

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