Thursday, October 03, 2019

"The True Limit on Spending Isn't the Numbers on Federal Balance Sheets but Inflation"

"In a policy landscape where debt is already an afterthought, MMT's significance seems to be in its role as a new kind of public economics for progressives. This new way of thinking about the political economy is winning converts less on the strength of any particular argument about money creation or inflation than on the implications of its reframing of our political and economic constraints, and its suggestion that solving much of what ails our increasingly unequal society is a matter of willpower rather than finances."

Osita Nwanevu at The New Republic discusses the growing interest Modern Monetary Theory.

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