Modern Monetary Theory is Already Here

It just took a pandemic to make it obvious

Spending in Washington, D.C. has been a fixture of political debate for decades, balancing the desires for large government programs with concerns over taxation and debt levels. But what if the connection between ‘Tax & Spend’ was severed completely.

That is essentially what advocates of Modern Monetary Theory (MMT) suggest. Put simply, MMT is the idea t…

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