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Wednesday, October 6, 2021

What is Modern Monetary Theory? Understanding the alternative economic theory that's becoming more mainstream — Melanie Lockert

 Bizarre article. Claims to explain MMT and quotes only people that don't understand MMT. Don't they have an editor at Insider, or at least a competent one. Such is the state of American journalism and why I generally link to non-US and non-UK sources.

Business Insider
What is Modern Monetary Theory? Understanding the alternative economic theory that's becoming more mainstream
Melanie Lockert

1 comment:

  1. This is a pretty good summary Tom… better than majority of others.., just sticks with the facts,,,

    This is certainly accurate:

    “ The Federal Interest rate should be at 0%. Many MMT supporters believe that the "natural rate of interest is zero" and there should be no bond sales. ”

    Most summaries don’t include that…

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