5 years ago
Why a Hot New Idea in Economics is Actually a Bad Idea
In recent years, a radical and unorthodox school of thought called “Modern Monetary Theory” (MMT) has become popular with some progressive economists, as well as with policymakers and activists on the political left. One of MMT’s most prominent advocates is Stephanie Kelton, a professor at Stony Brook University who advised Senator Bernie Sanders during his 2016 presidential run. The theory has received enough traction that the popular Planet Money podcast recently ran an episode on the topic.
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