Modern Monetary Theory is something few heard about. It will enter the national conversation in the next couple years.
The reason is it is the new intellectual darling of both the left and the right.
President Trump and his supporters use it to justify the near zero interest rate punchbowl that fueled the markets over the last decade.
The left loves it because it enables the spending for all. This is how UBI, free college, healthcare, and all other social programs can be exanded without fear or worry.
It also runs up national debts to infinity.
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Thanks!!1 interesting topic, i would like to read more about ecconomics on Steemit
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Ugh... what's with the totally uninspired attacks against MMT lately? Seriously these are rookie-league tactics. Crack a book before you try and crack a skull. MMT is about real resources being the only constraint when currency is infinite. Nowhere does MMT say to spend more into the economy than our economy can absorb. That's for people who don't read to assume. It doesn't matter how hip & edgy you put your message across, it's a lazy, embarrassing lie.