US EditionModern Monetary Theory and the Death of Savings
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Modern Monetary Theory and the Death of Savings
Photo by Alexander Grey on UnsplashWritten by: Econ BroAdvocates of Modern Monetary Theory (MMT) tout it as a potential tool for economic growth. Just like the Keynesians before them, they believe that government spending can be used to boost productivity.In this article, I show how MMT – contrary to the claims made by its adherents – is a potential cause of declining productivity.Economic recessionsEconomic recessions are normally defined as a …
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