LEE - It's A Modern Monetary Theory World We Just Live In It
The Danger Of Modern Monetary Theory
All I really know about Modern Monetary Theory is that scares the pants off investors and the financial media. You don't have to dig too much below the surface to understand why. MMT's central assertion is that because the government can print money and issues debt in its own currency, it has a perpetual license to borrow and spend. Here's NPR's Marketplace with a concise explanation from leading MMT proponent Stephanie Kelton:
“If you control your own currency and you have bills that are coming due, it means you