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'''Modern Monetary Theory''' is described thusly by the left-wing [[Brookings Institute]]:<ref>[https://www.brookings.edu/opinions/is-modern-monetary-theory-too-good-to-be-true/ Is modern monetary theory too good to be true?]</ref>
'''Modern Monetary Theory''' ('''MMT''') is described thusly by the left-wing [[Brookings Institute]]:<ref>[https://www.brookings.edu/opinions/is-modern-monetary-theory-too-good-to-be-true/ Is modern monetary theory too good to be true?]</ref>
<blockquote>Proponents of an old idea in new clothes – modern monetary theory (MMT) – argue that central banks can solve these problems by buying large amounts of government debt and increasing the money supply. </blockquote>
<blockquote>Proponents of an old idea in new clothes – modern monetary theory (MMT) – argue that central banks can solve these problems by buying large amounts of government debt and increasing the money supply. </blockquote>