Modern monetary theory
id:
modern-monetary-theory-218-973474
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, governments do not need to worry about accumulating debt since they can pay interest by printing money. MMT argues that the primary risk once the economy reaches full employment is inflat
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:
2024-09-13T05:44:31Z
main entity:
{"identifier":"Q496647","url":"https://www.wikidata.org/entity/Q496647"}
image:
fields total:
13
integrity:
15