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In recent years, politicians on the far left have leaned on Modern Monetary Theory (MMT) to justify offering increasingly exorbitant spending proposals without plans to pay for them. Then roughly ...
Bidenomics, Also Known as MMT The crazy economic theory that spending has no consequences. By Arthur Laffer and Stephen Moore June 23, 2024 2:59 pm ET ...
Sometimes ideas that seem obviously silly catch on and cause serious destruction. In the late 2000s Australian economist Bill Mitchell coined the term “Modern Monetary Theory,” or MMT, to ...
But the MMT people think they have an argument with conventional Keynesians like me, and as long as they’re out there claiming that standard macroeconomics is all wrong, I guess we need to respond.
But there's an "unorthodox" macroeconomic theory that has gained popularity called Modern Monetary Theory, also known as MMT, that challenges the traditional way we think about how the economy ...
And there's a lot of finger pointing at the aggressive fiscal expansion we saw in 2020 and 2021. As such, there's also a lot of finger pointing at the MMT message.