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The Problems with Modern Monetary Theory — Steve Womack

Summary:
In May of this year, House Budget Committee Republicans sent a letter to Chairman John Yarmuth (D-KY) requesting a hearing on MMT. Tomorrow, the House Budget Committee is holding a hearing titled “Reexamining the Costs of Debt,” and MMT is expected to be a central theme. The Hon. Mr. Womack neglects to say that Dick Cheney told us that President Reagan (who has been sainted by the GOP) showed that deficits don't matter. ? Maybe he should rethink his position. House Budget CommitteeThe Problems with Modern Monetary TheorySteve Womack, Ranking Member

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In May of this year, House Budget Committee Republicans sent a letter to Chairman John Yarmuth (D-KY) requesting a hearing on MMT. Tomorrow, the House Budget Committee is holding a hearing titled “Reexamining the Costs of Debt,” and MMT is expected to be a central theme.
The Hon. Mr. Womack neglects to say that Dick Cheney told us that President Reagan (who has been sainted by the GOP) showed that deficits don't matter. ? Maybe he should rethink his position.

House Budget Committee
The Problems with Modern Monetary Theory
Steve Womack, Ranking Member
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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