Posted inOpinion, Opinion Columns

Opinion: Trillions in coronavirus spending is putting AOC’s favorite economic theory to the test

French philosopher Voltaire famously quipped: “If God did not exist, it would be necessary to invent him.” Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy’s only hope to get through the pandemic. Coined by Australian economist Bill Mitchell and popularized recently by Democrats like […]