Hey!
I just have been seeing a lot about Modern Monetary Theory (MMT), and I just don’t understand it. I’ve taken an economics class so I know what inflation is and everything, but I don’t know what it is or how it works or doesn’t work. Help is appreciated. Thank you!
In: Economics
The non-crazy version is that governments could borrow a lot more money before triggering runaway inflation than most economists think. So politicians could spend a lot of money on [whatever] without worrying about how to raise the revenues to pay for it, and be retired before the chickens came home to roost, leaving their successors to deal with the consequences.
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