What Do Modern Monetary Theorists Think About Inflation?
Advocates of Modern Monetary Theory (MMT) say that we should understand all government spending as being funded by seignorage, which is the technical term for when a government creates new money and then spends it. This then allows them to say things like “taxes don’t fund spending” and other bumper-sticker type slogans that mostly just confuse people.
Continue Reading https://www.peoplespolicyproject.org
Join the Discussion