Victor Recklaitis — How the recent tax cuts and budget deal jack up the national debt — in one chart

To be sure, some economists who champion modern monetary theory have argued that people view deficits in the wrong light, saying governments can keep spending until there’s inflation.

Stephanie Kelton — a Stony Brook University professor who is a proponent of MMT — has told MarketWatch that deficits can lead to a more equal and prosperous economy, and governments can use taxes and other levers to keep inflation in check.

MMT now getting a mention.

MarketWatch
How the recent tax cuts and budget deal jack up the national debt — in one chart

Victor Recklaitis