Discover how monetary theory influences economic activity through money supply changes, with insights on central bank ...

An obscure economic fad known as Modern Monetary Theory is again in the news. This is in part because its leading advocates are backing away from several of its central predictions, while ...

Hey smarties! We’re on a break for the holidays, so we’re revisiting some favorite episodes from 2020. We want to say a big thank you for being part of the Make Me Smart family this year — every ...

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If book sales are any guide, then Modern Monetary Theory is gaining traction. The unorthodox doctrine, which says governments have spare capacity to borrow and spend, has won attention on Wall Street ...

“For every complex problem,” wrote H.L. Mencken, “there is an answer that is clear, simple, and wrong.” The issues of “health care, infrastructure, education,” and “climate change” could all be solved ...

The squabbling over whether Modern Monetary Theory is a Copernican revolution for public policy or a load of nonsense hasn’t been very enlightening. The prevailing sentiment in both camps—“You just ...

Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...

Discover how the U.S. national debt affects your finances and what to know about government borrowing and debt limits.