MMT Sounds Great In Theory…But

in #mmt5 years ago

Modern Monetary Theory is full of promises. It is almost like the Holy Grail of economics.

Under this policy, which is being adopted by politicians and economics from both sides of the aisle, deficits do not matter. No matter what the government spends, it can print enough money to overcome it. Through the printing of money, we can create jobs and pay wages.

The only barrier to this is inflation. We must not print so much money as to cause inflation. Stop just short of it and nirvana is the result.

There is a problem with this...

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