Jerome Powell

U.S. Federal Reserve Chairman from February 2018

Reports on Jerome Powell See all

Freshly printed euro banknotes

Modern Monetary Theory: The future of money?

Modern Monetary Theory (MMT) has become a popular philosophy among those who would have the government spend more. Traditional economics holds that MMT would lead to inflation, yet its proponents argue that the orthodoxy no longer applies. Though attractive for many across the political spectrum, it stems from some basic misunderstandings and could lead to dangerous policies.

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