Could Modern Monetary Theory Save America?

I Become President For A Day To Apply Modern Monetary Theory (MMT) To The US Economy Politicians and academics are making dramatic claims about MMT. I apply it to the 2018 US economy and learn that debt isn’t always debt. Modern Monetary Theory (MMT) sounds dull and morose, but it’s creating quite a stir: Warren Mosler, a leading MMT thinker, apparently fills stadia in Italy. (Well, definitely meeting halls!) Professor Stephanie Kelton, an MMT evangelist, was mobbed in Japan. Alexandria Ocasio-Cortez (NY Rep), who justifies policy using MMT, is the centre of controversy. Have a look at this, and this,…...