Steven Pressman
Steven Pressman
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Trillions in coronavirus spending is putting AOC's favorite economic theory to the test

Trillions in coronavirus spending is putting AOC's favorite economic theory to the test

provides funding as a member of The Conversation US.French philosopher : “If God did not exist, it would be necessary to invent him.” Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy’s only hope to get through the pandemic.Coined by and by to fund programs such as the Green New Deal, MMT holds that a country with its own currency . While government spending is normally financed by either taxes or borrowing, .I’m currently working on a book chapter that examines various economic theories about government debt, including MMT. I believe...

August 11, 2020
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