New York Times reporter Jeanna Smialek stirred up a hornet’s nest in the world of economics this weekend, publishing a profile of economist Stephanie Kelton, a leading proponent of a controversial ...
MMT Policy (Modern Monetary Theory), the grand experiment, was tried following the pandemic-driven shutdown of the economy. While MMT policy proponents suggest that giving free money will boost ...
Many people are now proclaiming that the COVID-19 pandemic has provided proof positive that Modern Monetary Theory (MMT) is the only way forward for governments. To the uninitiated, MMT probably ...
Modern Monetary Theory (MMT) tells us that governments should finance public spending by creating money. To prevent inflation, MMT advocates say, the government should use taxes to siphon off excess ...
Just a few days ago, I mentioned on Twitter that I have no patience for getting involved in the current public debate over Modern Monetary Theory (MMT). So much of it ends up as ad hominem, straw man, ...
Modern Monetary Theory or MMT, as it’s better known, is a recurring theme that’s not likely to go away. However, there’s nothing modern about it, it’s not about money (it’s about currency), and it’s ...
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