ADVERTISEMENT

Stephanie Kelton, Modern Monetary Theory Evangelist

Google searches for “modern monetary theory” more than quadrupled in early 2019 from previous highs.

Stephanie Kelton, Modern Monetary Theory Evangelist
Stephanie Kelton, economist, Stony Brook University. Photographer: Scott McIntyre/Bloomberg)
(Bloomberg Businessweek) -- MMT argues that in any country with its own currency, budget deficits don’t matter unless they cause inflation. The government can pay for what it needs by simply printing more money—no reason to borrow by issuing bonds.
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More