Difference between revisions of "Modern Monetary Theory"
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'''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 | + | [[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== | ||
Latest revision as of 15:45, May 18, 2024
Modern Monetary Theory (MMT) 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 (inflation).
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.
