“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 ...

In today’s world of high inflation and multi-trillion-dollar budget deficit, many believe the U.S. government has spent too much to bring the economy out of the COVID-19 recession. While today’s ...

Insider met with Nobel laureate Paul Krugman on Wednesday to discuss the US economy. Topics ranged from the Federal Reserve's rate strategy to the need to pay for Biden's spending plans. Presented ...

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 ...

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 ...

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. There is a wide and deep misunderstanding of the modern monetary system and the causes of inflation. This leads ...

In our June Housing Market Indicators briefing, we introduced the concept of Modern Finance Theory (MFT), which we summarize as follows: The government, in an effort to make housing and higher ...

1. Modern monetary theory and the case for gold. With central banks around the world loosening monetary policy in response to flagging growth and possible trade-war fallout, modern monetary theory ...

The economist known as the godfather of Modern Monetary Theory is sounding an alarm on the rising fiscal deficit, saying that America is spending like a “drunken sailor.” American economist Warren ...

TOKYO (Reuters) - A U.S. advocate of the modern monetary theory (MMT), which promotes government spending and the running of budget deficits as needed to boost an economy, urged Japan to forego a ...