Modern monetary theory (MMT) is a heterodox approach to macroeconomic theory where the roles of fiscal and monetary policies are not separated as in mainstream economics. What that means, simply put, is

Image Source Introduction Modern monetary theory (MMT) is an approach where public expenditures are covered by printing money and not by collecting taxes. Many have argued, including @edicted here on

Image Source Introduction I have heard this term being mentioned in conversations among some economists. I've been reading up on it a bit. The approach this umbrella term refers to seems to describe what

A look at Modern Monetary Theory with particular reference to Australia.

Dr. Stephanie Kelton is an acclaimed economist and leading proponent of Modern Monetary Theory (MMT). She has previously served as Chief Economist on the U.S. Senate Budget Committee's minority party staff,

Welcome to my Steemit blog. This is my first post! My brain is a bit scrambled right now, since I am preoccupied with my employment status (no job), and with other related goodies; but I will give it quick

In a sovereign floating fiat money system, in particular under balanced trade or a trade deficit, government deficits are the only way the private sector can accumulate net private saving. As I've argued

With permission from Being Libertarian, I am reposting an important exclusive piece I wrote that lays out some fundamental changes in how I've come to understand the functioning of a fiat money economy,