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Economy
Modern Monetary Theory Is Dead. It Must Now Be Buried for Good
2023-01-06
[FEE] Weaning the government and the Fed off spending and printing will be a lengthy and agonizing process. But it needs to happen.

Modern Monetary Theory (MMT) is essentially an offshoot of Keynesianism in that government can spend ad nauseam and commensurately print money without any ill effect.
by David Sukoff

In the late 1960s Milton Friedman clarified his famous quip by stating that “In one sense, we are all Keynesians now; in another, nobody is any longer a Keynesian.”
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