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Policy and business circles these days buzz about something called modern monetary theory (MMT). Many claim it explains why budget deficits do not matter and why monetary ease, “printing money,” can ...
MMT asserts that, contrary to standard thinking, federal deficits are often a good thing. The value of money, MMTers say, comes from the fact that it is issued by the government and can be recollected ...
While there have been a number of pieces of late taking shots at what is called Modern Monetary Theory (MMT), I have yet to read one that has been on target. It appears that there is a great deal of ...
Alexandria Ocasio-Cortez, the newly elected representative from the Bronx, told Business Insider recently that modern monetary theory, or MMT, should “be a larger part of our conversation” when it ...
The premise of this discussion was a recent explanation of “Modern Monetary Theory” by Stephanie Kelton. In Part 2, we complete our analysis of the MMT theory and the potential ramifications. Economic ...
Once the province of wonks, the MMT cause is being embraced by ordinary people in search of a more moral economy. The government can spend much more money than it currently does, even given a swelling ...
Out of nowhere, it seems, candidates, business people, and policymakers have begun to talk about modern monetary theory (MMT). Depending on who is talking and the audience before which they are ...
Modern Monetary Theory has captured the attention of economic experts around the world, including Federal Reserve Chair Jerome Powell and BlackRock CEO Larry Fink. Vincent Deluard, a macro strategist ...
After reading an article about information that was presented to the Lavender Caucus recently by a proponent of the Modern Monetary Theory (MMT), I recognized the need to provide an explanation to the ...
An economic policy backed by New York Democratic Rep. Alexandria Ocasio-Cortez and Independent Vermont Sen. Bernie Sanders appears to be gaining traction on Wall Street. Chris Brightman, partner and ...
Is printing money bad for the economy? Well, it can cause inflation, devalue a currency and have adverse impacts for investments. But there’s an “unorthodox” macroeconomic theory that has gained ...
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