It’s labeled modern monetary theory or MMT. I have read a few efforts to explain this concept and frankly, I would use the late President Bush’s term to best describe it: voodoo economics.

FILE PHOTO: An eagle tops the U.S. Federal Reserve building's facade ... the MMT (in Spanish, TMM, Modern Monetary Theory). The main idea of its creators is that monetary issuance is not ...

I have read Modern Monetary Policy in Theory and Practice ... Japan but relevant for many developed economies, including the U.S. today. Unlike the first five parts, Mr. Shirakawa “expresses ...

Increased Social Security for the elderly! BUT WAIT! THERE’S MORE! At no additional cost, you get Modern Monetary Theory.” MMT, which supposedly banishes nitpicking worries about how to pay ...

But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers during the Biden-Harris administration ...

Stop worrying about debt and just go on a splurge. That's what proponents of an unorthodox economic theory called MMT, or modern monetary theory, are suggesting countries like Japan and the US ...