Is modern monetary theory too good to be true?

Prof. Antony Davies: Modern Monetary Theory is Wrong - Here's why

In my research, MMT states governments (with a fiat currency not pegged to other currencies) can increase money supply as they wish. The only ...

Modern Monetary Theory - Economics

MMT fails to realise that if you increase the money supply in relation to the supply of actual value, you simply inflate the price in monetary terms of that ...

What is Modern Monetary Theory (MMT)? Potential Benefits & Flaws

Even so, MMT isn't a solution to all economic problems, and arguments around high budget deficits and the risk of rising inflation expose the ...

Is Modern Monetary Theory a good idea? - Effective Altruism Forum

The fifth part concludes. Overall, it appears that MMT is based on an outdated approach to economics and that the meaning of MMT is a more that ...

Is Modern Monetary Theory Dead? - by Lyric Hughes Hale - econVue

This theory posits that fiscal spending and sovereign debt are fine, as long as the country issuing the debt can repay it in its own currency— ...

The real reason to worry about MMT is not the theory but the practice

Modern Monetary Theory is neither as modern and revolutionary as its proponents imagine, nor as crackpot as many of its critics believe.

Dismiss MMT at Your Peril | Research Affiliates

Don't dismiss Modern Monetary Theory (MMT) as unlikely to influence policy. This heterodox economic doctrine advocates sharply increased fiscal expenditures ...

How Reliable Is Modern Monetary Theory as a Guide to Policy?

At this point, government bonds would be an almost-perfect substitute for money. There is a tradeoff involved, however, as this policy also risks promoting high ...

Modern Monetary Theory Isn't Modern. It's Antiquated - FEE.org

The central idea of MMT is that governments with a fiat currency system under their control can and should print (or create with a few ...

The big question about Modern Monetary Theory everyone is missing

The MMT advocates say that inflation should be controlled through fiscal policy, instead of monetary policy conducted by the central bank as is current ...

Modern Monetary Theory and mainstream economics converging

This seems to be the same as the MMT core message – run deficits to maintain full employment and fund them by money-printing. Mainstream ...

The Absurdity of Modern Monetary Theory | The Heritage Foundation

For proponents of modern monetary theory, the answer to all of the above is “yes.” This defiance of economic and political reality rivals the ...

Modern Monetary Theory: How did MMT Perform?

The ability of sovereign governments to spend money is not unlimited, but the true constraint is inflation, not tax revenue or budget deficits. This means ...

Quick Thoughts on Modern Monetary Theory

Here too I fail to understand the nature of the objections of the MMT crew. ... well over 20 and a projected real growth rate of 2.0 percent. This ...

MMT and Government Finance: You Can't Always Get What You Want

MMT advocates argue that by printing money, the central bank can become the holder of public debt. In support of this argument, it is true that with interest ...

Modern Monetary Theory Is Supply Side Economics—but for the Left

In this model, bond markets and deficits aren't meaningful checks on government spending. The only real constraint is inflation, which can occur ...

Where Modern Monetary Theory (MMT) goes awry | Will Rinehart

MMT says inflation is not a problem because you can tax excess money to control it. Why is this bad econ? Maybe its bad politics, but ASSUMING ...

Modern Monetary Theory: The future of money? - GIS Reports

It posits that monetary policy is not a viable macroeconomic tool and that governments should concentrate on fiscal policy and finance public spending.

Book Review: The Deficit Myth: Modern Monetary Theory and the ...

If it seems strange the federal government can owe itself money, well indeed, federal debt is strange. This strangeness is one of the reasons so ...

The Rise of Modern Monetary Theory Could Trigger Fiscal ...

In most cases, MMT's assertion of the impossibility of a sovereign currency default is probably correct. If that's true, MMT supporters argue ...