MMT RIP – Good Riddance By Tom Teague of The Manhattan Modern Monetary Theory is a macroeconomic theory developed in the early 1990s. It maintains that governments that issue their own currency are not financially constrained in the same way as households or businesses. According to MMT, governments can create money and spend as they see fit; taxes serve primarily as a tool to control inflation and create demand for the currency. MMT also emphasizes that government spending should aim to ensure full employment. Putatively heterodox to most economists, MMT has often been quietly promoted as a back door to… — Continue at ZeroHedge News : Read More
