Modern monetary theory
id:
modern-monetary-theory-207-4765549
title:
Modern monetary theory
text:
Modern monetary theory or modern money theory (MMT) is a heterodox macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. According to MMT, a government that uses its own nonconvertible and floating currency cannot be forced into default. MMT argues that the primary danger of deficit spending once the economy reaches full emp
brand slug:
wiki
category slug:
encyclopedia
description:
Macroeconomic theory
original url:
https://en.wikipedia.org/wiki/Modern_monetary_theory
date created:
2006-04-09T08:35:22Z
date modified:
2024-09-10T23:46:53Z
main entity:
{"identifier":"Q496647","url":"https://www.wikidata.org/entity/Q496647"}
image:
fields total:
13
integrity:
15