No government has openly embraced modern monetary theory, but many of the radical doctrine’s core principles are informing today’s policy decisions
‘A state, MMT argues, finances its spending by creating money, not from taxes or borrowing. As nations cannot go bankrupt when they can can print their own currency, deficits and debt don’t matter.’‘A state, MMT argues, finances its spending by creating money, not from taxes or borrowing. As nations cannot go bankrupt when they can can print their own currency, deficits and debt don’t matter.’oday, citizens are unwitting participants in a covert policy experiment.
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