The idea that government should use deficit spending to support an economy in crisis is not unique to MMT – economists across the political spectrum supported an aggressive fiscal response in 2020.

Modern monetary theory has gained traction in recent years as American living standards have stagnated and inequality has grown. MMT’s critics are quick to dismiss it, but investors need to ...

Modern Monetary Theory (MMT) is a macroeconomic theory that government spending should not be restrained due to the fear of rising debt.

But the MMT people think they have an argument with conventional Keynesians like me, and as long as they’re out there claiming that standard macroeconomics is all wrong, I guess we need to respond.

Despite James Mackintosh’s suggestion in “Streetwise: Modern Monetary Theory Isn’t Coming in the Future. It’s Here Now” (Markets, Nov. 22), MMT remains a niche theory endorsed by only a ...

MMT is no longer limited to books and journals. It's being used to support policy proposals and is both lauded and attacked in the popular press. The latter has accelerated of late, particularly ...

Just as the Holy Roman Empire was neither holy, nor Roman, nor an empire, modern monetary theory, or MMT, is neither modern, nor mostly about money, nor a theory. Yet these days it is a favorite ...

MMT theorists explain that debt is simply money the government put into the economy and didn’t tax back.” This is ludicrous. Government deficit spending is not an economic boon.

P oliticians and journalists are abuzz with the new economic doctrine of "modern monetary theory" (MMT). As Jeanna Smialek, author of a recent New York Times piece on MMT, tweeted:. MMT is part of ...

So far, then, MMT has not seduced most lefty economists into becoming defenders of crank theories the way supply-side economics did on the right. Hooray for us! But it’s still early days, even ...

But there's an "unorthodox" macroeconomic theory that has gained popularity called Modern Monetary Theory, also known as MMT, that challenges the traditional way we think about how the economy ...