What is “Modern Monetary Theory (MMT),” and what is it in contrast with? IPI Resident Scholar Dr. Merrill Matthews and IPI President Tom Giovanetti discuss the heterodox economic theory that promises government can print and spend as much money as it wants to with little or no downside, and asks the musical question “But wouldn’t that cause inflation?” We talk a little monetary policy, a little Milton Friedman, a little neoclassical economics, and conclude that MMT is a load of bunk.
2023_03_23_ModernMonetaryTheory