The Crossroads of Special Operations

Thursday, May 13, 2021

Modern Monetary Theory; Folie à deux — a shared delusion | Medium

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Policy and business circles these days are buzzing around Modern Monetary Theory. The idea behind MMT is that the government can pay its bills by printing money. The effects of this policy undermine the effect of inflation and is a revolutionary way of understanding money, taxes, and the critical role of deficit spending. MMT redefines how resources are maximized for the benefit of society.

Source: https://medium.com/@alexander.singh.mann/modern-monetary-theory-folie-%C3%A0-deux-a-shared-delusion-2aa7065336c3

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