MMT’s version of that is the exceptionally strong underlying claim it makes about the power of the state – that money gets its value from the state, since the state demands money for taxes, and this ...

Sometimes ideas that seem obviously silly catch on and cause serious destruction. In the late 2000s Australian economist Bill Mitchell coined the term “Modern Monetary Theory,” or MMT, to ...

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MMT Policy (Modern Monetary Theory), the grand experiment, was tried following the pandemic-driven shutdown of the economy. It failed miserably. However, before we get to its failure, we need to ...

Modern Monetary Theory (MMT) is widely rejected by mainstream economists because it is invalid, even incoherent, as a scientific theory.

Events over the last year and a new paper from the Progressive Policy Institute make clear that policymakers should not be looking to Modern Monetary Theory for guidance.

New York Times reporter Jeanna Smialek stirred up a hornet’s nest in the world of economics this weekend, publishing a profile of economist Stephanie Kelton, a leading proponent of a ...

Modern monetary theory remains a niche theory endorsed by only a small but vocal group of far-left economists.

On this week's episode of the Odd Lots podcast, we speak to Fadhel Kaboub, a professor of economics at Denison University, who examines emerging markets through the MMT lens.

MMT is no longer limited to books and journals. It's being used to support policy proposals and is both lauded and attacked in the popular press. The latter has accelerated of late, particularly ...

Trying to get this debate beyond Calvinball. By Paul Krugman Opinion Columnist With everything else going on, I really don’t want to spend time arguing with the Modern Monetary Theory people ...