Swiss Economicblogs.org
The interest in Modern Monetary Theory has grown as the limitations of ‘mainstream’ economic theories have become ever plainer to see since the financial crisis.Modern Monetary Theory (MMT) is a theory, initially emanating from left-wing US economists, that argues that since governments, and in particular the US government, issues its own currency, it can never run out of funding.The corollary is that it is possible for the government to spend more to push the economy towards its full growth...
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