Tag Archives: MMT

May 14, 2019

MMT or Why Budget Deficits are Ok If They Don’t Grow Too Fast

Economics used to be Political Economy. Today politics in encouraging economics to look at different ideas such as Modern Monetary Theory. MMT argues that a country which borrows in its own currency will never default: as long as the US sells bonds denominated in US dollars, it won’t matter how big the federal budget deficit…

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