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Modern monetary theory or modern money theory (MMT) is a heterodox [1] 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. [2]
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Mitchell coined the term Modern Monetary Theory, also known as MMT. He coined the term in reference to John Maynard Keynes' claim that for at least 4,000 years money has been "a creature of the state". [8] He is a prominent promoter of MMT in macroeconomics. [9]
Stephanie A Kelton (née Bell; born October 10, 1969) is an American heterodox economist and academic, and a leading proponent of modern monetary theory. [1] She served as an advisor to Bernie Sanders's 2016 presidential campaign and worked for the Senate Budget Committee under his chairmanship.
In Kessler’s case, he wrote that the lab theory was “suddenly credible” as if it had sprung from the head of Zeus rather than having been supported for years by scientists, many of whom had ...
In May, USA TODAY debunked a similar claim that criticized Democrats and was falsely attributed to Allen. The recently shared meme features a partial quote from that longer false claim.
Modern Monetary Theory, a branch of economic theory; Geography. 4QMMT (or MMT), one of the Dead Sea Scrolls; Myanmar Time (UTC+06:30) Mathematics.
New Jersey officials have debunked claims that drones were deployed to search for missing radioactive material from a shipping container, following social media speculation linked to reports of ...