If you haven't heard of Modern Monetary Theory, or "MMT," you will soon. If you recently lost your job due to the economic shutdown, and received a stimulus check, you are already a beneficiary. As we will discuss in Part-1 of this two-part series, MMT falls flat when faced with reality.
With economic growth sluggish, unemployment high, and the wealth gap widening, politicians will be increasing pressure to delve deeper into MMT to cure our economic woes. However, to understand more about the premise of MMT, economist Stephanie Kelton recently produced a video