Difference between revisions of "Modern Monetary Theory"
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Revision as of 20:58, June 27, 2021
Modern Monetary Theory is described thusly by the left-wing Brookings Institute:[1]
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.
"Increasing the money supply" is code lingo for Printing money.
Socialists have claimed that Modern Monetary Theory would pay for expensive socialistic programs such as the Green New Deal.[2]
See also
References
- ↑ Is modern monetary theory too good to be true?
- ↑ Adelmann, Bob (February 18, 2019). “Modern Monetary Theory” Will Pay for AOC’s Green New Deal. The New American. Retrieved May 13, 2019.