I am not a fan of Modern Monetary Theory (MMT). Nevertheless, it is becoming gradually more popular amongst politicians and mainstream economists. That is no surprise given that MMT promises politicians that they can run deficits for much longer than we currently think without causing inflation or a debt crisis. For small countries, this is clearly ahistorical,
This is how MMT could work
This is how MMT could work
This is how MMT could work
I am not a fan of Modern Monetary Theory (MMT). Nevertheless, it is becoming gradually more popular amongst politicians and mainstream economists. That is no surprise given that MMT promises politicians that they can run deficits for much longer than we currently think without causing inflation or a debt crisis. For small countries, this is clearly ahistorical,