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Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox [1] macroeconomic theory that describes the nature of money [2] within a fiat, floating exchange rate system. [3] MMT synthesizes ideas from the state theory of money of Georg Friedrich Knapp (also known as chartalism) and the credit theory of money of Alfred Mitchell-Innes, the functional finance proposals of Abba Lerner ...
Modern Monetary Theory (MMT) is a macroeconomic theory that government spending should not be restrained due to the fear of rising debt.
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But there's an "unorthodox" macroeconomic theory that has gained popularity called Modern Monetary Theory, also known as MMT, that challenges the traditional way we think about how the economy ...
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MMT is a heterodox economic theory that argues governments should not worry about debt and should use fiscal policy to achieve full employment. Learn the main features, policy implications and criticisms of MMT with examples and diagrams.
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MMT helps explain the power behind sovereign currency, and the responsibilities of the countries—like the U.S.—which wield it.
Discover the ins and outs of Modern Monetary Theory (MMT) in this comprehensive guide.