Changes

'''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>

'''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>

"Increasing the money supply" is code lingo for [[Printing money]].

"Increasing the money supply" is code lingo for [[Printing money]] ([[inflation]]).

[[Socialism|Socialists]] have claimed that Modern Monetary Theory would pay for expensive socialistic programs such as the [[Green New Deal]].<ref>Adelmann, Bob (February 18, 2019). [https://www.thenewamerican.com/economy/commentary/item/31509-modern-monetary-theory-will-pay-for-aoc-s-green-new-deal “Modern Monetary Theory” Will Pay for AOC’s Green New Deal]. ''The New American''. Retrieved May 13, 2019.</ref>

[[Socialism|Socialists]] have claimed that Modern Monetary Theory would pay for expensive [[socialist]]ic programs such as the [[Green New Deal]].<ref>Adelmann, Bob (February 18, 2019). [https://www.thenewamerican.com/economy/commentary/item/31509-modern-monetary-theory-will-pay-for-aoc-s-green-new-deal “Modern Monetary Theory” Will Pay for AOC’s Green New Deal]. ''[[The New American]]''. Retrieved May 13, 2019.</ref>

==See also==

==See also==