"Bizarre article. MMT's leaders assured us today's inflation couldn't happen, & are offering no serious policy response. Pretty much every leading economist quoted in the article dismisses MMT as quack economics. Definitely worthy of _...Read More_

"The pandemic has offered economist Stephanie Kelton a chance to help turn Modern Monetary Theory into practice."

"Gold money needs better advocates than Judy Shelton. In 2021 that vacuum leaves Washington prey to the MMT solution of Stephanie Kelton instead"

"It is certainly true that the Fed can issue vast amounts of money without limit. But it cannot create the value that this money supposedly represents. It cannot determine how much of this money needs to be used to buy commodities."

>"Modern Monetary Theory is the latest in a long line of attempts by “left” theorists to maintain that capitalism can be made to work for society if only outmoded thinking about the monetary system is abandoned."

The question that spells an end to so many policy proposals is “how will we pay for it?” But the support for the massive coronavirus stimulus—and its success in forestalling the worst possible outcome of broad shutdowns—could cause more _...Read More_