Published: 26 Jan 2019 › Updated: 26 Jan 2019
The Upside-Down World of MMT
Modern Monetary Theory is all the rage at the moment.
It is one of those economic theories that becomes en vogue. Economists like Paul Krugman are even paying it some heed.
The challenge is that it does not live up to the expectations. Deficit spending is something that has consequences. This does not ring true to the likes of Alexandria Ocasio-Cortez and Bernie Sanders. They use MMT to justify "everything for everyone".
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