MMT - Economics Students Society of Australia

MMT

A collection of 2 posts

PART ONE. Modern Monetary Theory

PART ONE. Modern Monetary Theory

Your Tax Dollars Never Get Spent and Government Budgets Shouldn’t Balance Modern Monetary Theory (MMT) is based on what will be described as the Two Fundamental Truths of fiat currencies. Note that fiat currencies are openly floated means of exchange issued by governments [31]. These fundamentals are: 1. Federal

Are you entitled to a job?

Are you entitled to a job?

One of the economic theory’s latest trends is masked by a decidedly un-trendy name. Modern Monetary Theory (MMT) has hit the big time, garnering attention from 2020 presidential candidates and House Democrats. Its proponents include one-time Bernie Sanders advisor Stephanie Kelton, along with Australia’s own Bill Mitchell, from