INTERVIEWER What kind of theory is modern monetary theory? MOMMA KAZUO Basically, MMT maintains that governments can issue as many government bonds as they like for the purposes of fiscal policies as ...

Last week I looked at how, for modern day purposes, monetary policy started around 1750. It began with the departure from the presumption that money is wealth to the idea that money is a veil and that ...

In orthodox economics, the idea of printing money to solve a nation’s problems is near-universally seen as a very bad one. In contrast, MMT proposes that nations that issue their own “fiat” currencies ...