“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 ...

One of the things to watch for if Vice President Biden wins the election is whether his administration is going to base its economic policies on something called the Modern Monetary Theory. This is ...

As investors assesses the remarkable turnaround in fiscal policy from one of the world’s number-six economy, the U.K., the one conclusion surely is that a nation’s financial flexibility is limited by ...

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As the House and Senate budget committees begin the usual process of putting together a federal budget for the coming fiscal year, one of the big unanswered questions is how much they will be swayed ...

Constantly over the past decade, progressive economists and econo-bloggers have called on Democrats to spend boldly, run trillion-dollar deficits, and not worry about balanced budgets. Modern Monetary ...

The pandemic has offered economist Stephanie Kelton a chance to help turn Modern Monetary Theory into practice. What if the federal deficit didn’t actually matter? Modern Monetary Theory explained ...

Is printing money bad for the economy? Well, it can cause inflation, devalue a currency and have adverse impacts for investments. But there's an "unorthodox" macroeconomic theory that has gained ...