Premium Edition Teaser: Bold & Bankrupt - The Truth About MMT
Modern Monetary Theory. Magical Money Tree.
Whichever name you know it by, everywhere, these days, the intellectual salons hum with people trying to say that they’ve invented that most terrifying of things: a new paradigm. That they have the economic equivalent of Einsteinian Relativity.
These people profess that debt is no issue. That a country that prints its own currency can’t go broke. And rather, that by a canny toe-heel on the brakes, countries can juice their economies without slamming into a wall.
This week, after talking around the topic on any number of previous episodes, we’re…
The skinny
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