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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 ...
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Modern monetary theory (MMT) is an economic theory whose key implication is that governments should fund public spending by creating as much money as they need. Conventional economics assumes that ...
As the House and Senate budget committees begin the usual process of putting together a federal budget for the coming fiscal year, one of the big unanswered questions is how much they will be swayed ...