Article preview: Many organisations have made a case for Modern Monetary Theory (MMT) in recent years. In simple terms, MMT is an argument that nations that issue currencies, like the UK and Pound Sterling, can never run out of money in the same way individuals or corporations can. It hinges on the claim that governments can print currency to fund substantial government spending to deliver full employment. With economists coming out in favour of MMT, and many arguing against it too, a neoliberal think tank the Adam Smith Institute has attempted to break it down in a newly published paper.
Modern Monetary Theory branded ‘rotten’
This 636-word article examines arguments made by the Adam Smith Institute against the widespread adoption of Modern Monetary Theory. Written on 20th May 2019.
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