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 ...
Modern Monetary Theory (MMT) has gained mainstream popularity in recent years with Senator Bernie Sanders of Vermont and Representative Alexandria Ocasio-Cortez of New York sharing their support of ...
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 ...
UNITED STATES - FEBRUARY 02: Stephanie Kelton, chief economist for the Senate Budget Committee's minority staff, picks up copies of President Obama's budget for fiscal year 2016, in Dirksen Building, ...
“I could buy whatever I want, an iPhone and a computer, AirPods and a Barbie Dreamhouse. A real Barbie Dreamhouse that’s big and has walls. It would be in Paris because of the Eiffel Tower. I would go ...
Simon Fraser University provides funding as a member of The Conversation CA. Simon Fraser University provides funding as a member of The Conversation CA-FR. Few words spark more anxiety in public ...
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 describe ...
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