Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits.

Monetary theory examines the nature, creation and control of money in the economy, while policy analysis focuses on how central banks and regulatory authorities intervene to achieve macroeconomic ...

A viral video of President Joe Biden's chief economic adviser, Jared Bernstein, appearing to struggle to explain how monetary policy works has raised new questions about the administration's handling ...