I have written a couple of items about “modern monetary theory,” but I wanted to make things somewhat simpler. Basically, most of the claims of “modern monetary theory” are true; and, we are already ...

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Some ideas seem too good to be true. Like this one. It comes from a 13-year-old listener named Amy. She says she knows the government has trouble finding enough money to pay for stuff like schools and ...

There’s nothing new about “modern monetary theory.” And, actually, a lot of it is true. You can print all the money you like — that is, increase the supply — as long as there is a corresponding ...

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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 ...

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 ...

Is printing money bad for the economy? Well, it can cause inflation, devalue a currency and have adverse impacts for investments. But there’s an “unorthodox” macroeconomic theory that has gained ...