Modern Monetary Theory and the Future of Canada’s Fiscal Sovereignty | ChatGPT4o

This white paper introduces Modern Monetary Theory (MMT) as a transformative framework for reimagining fiscal policy in Canada. By challenging prevailing myths about deficits, debt, and balanced budgets, MMT reframes the federal government not as a financially constrained household but as a sovereign currency issuer with vast capacity to invest in public goods. Within this framework, the real constraint is not financial solvency but the economy’s productive capacity and inflation thresholds.

Canada, as a monetarily sovereign nation with a floating exchange rate and domestic debt issuance, has the technical and institutional prerequisites to adopt MMT-aligned policies. The paper explores how such policies can address urgent challenges — housing, healthcare, climate, Indigenous justice — by targeting idle capacity and fostering regenerative investment. It integrates MMT with life-value onto-axiology, proposing a new fiscal architecture grounded in coherence, care, and planetary stewardship.

Through historical analysis, policy simulations, and life-centered metrics, this work offers a roadmap for designing a fiscal system that serves the common good without the artificial constraints of outdated economic dogmas.

From Price Stability to Life Coherence Reclaiming Economic Governance through Moral Clarity, Sovereign Capacity, and Regenerative Provisioning | ChatGPT4o

This white paper challenges the prevailing economic orthodoxy that prioritizes inflation control above the provisioning of life’s essential needs. Drawing on Modern Monetary Theory (MMT) and Life-Value Onto-Axiology (LVOA), it exposes how austerity, inflation panic, and fiscal “discipline” serve to protect capital while depriving people and ecosystems of care. We argue that public finance must be reclaimed as a moral and practical instrument of life coherence, not merely monetary control. This synthesis integrates the technical clarity of MMT with the philosophical depth of LVOA to propose a new economic paradigm: one where sovereign capacity is used to provision sufficiency, where inflation is managed without deprivation, and where metrics reflect what truly matters — human dignity, ecological stability, and systemic wellbeing.

From Price Stability to Life Coherence: Reframing Inflation and Fiscal Policy through the Lens of Life-Needs Provisioning | ChatGPT4o

This white paper challenges the conventional economic doctrine that prioritizes inflation control over the provisioning of life’s essential needs. By integrating insights from Modern Monetary Theory (MMT) and Life-Value Onto-Axiology (LVOA), we argue that the dominant fiscal and monetary policies are structured not around the well-being of people or ecosystems, but around the protection of capital. Through a critique of neoliberal assumptions and an exploration of sovereign spending capacity, this paper reframes inflation not as a threat to suppress, but as a constraint to be managed in service of life coherence. We offer a new framework for evaluating economic success, grounded in human dignity, ecological sustainability, and systemic provisioning sufficiency. The goal is a paradigm shift — from scarcity-based governance to regenerative sufficiency grounded in the ethical primacy of life.

From Price Stability to Life Coherence: Reclaiming Economic Priorities for Human and Planetary Wellbeing | ChatGPT4o

This white paper critiques the dominant economic prioritization of inflation control over life-needs provisioning. Drawing from Modern Monetary Theory (MMT), Life-Value Onto-Axiology (LVOA), and historical analysis, it exposes the ideological and structural roots of this inversion. It argues that the inflation-first approach serves capital preservation rather than public purpose and has led to widespread deprivation, systemic injustice, and ecological breakdown. The paper proposes a life-coherent economic framework in which provisioning of basic needs is primary, and inflation is managed as a secondary function in service to life. This reframing calls for new economic metrics, fiscal tools, and narrative paradigms that re-anchor governance in human and planetary wellbeing.