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Monetary Theory Explained – Is MMT Right or Wrong?

Summary:
A really good introduction to MMT with no ifs and buts. It's very positive. In Modern Monetary Theory Explained, I simply lay out the key principles of MMT and look at what some of the arguments are for and against it. Modern Monetary Theory (MMT) may have been around for many years but it has recently gained in popularity with the advent of Stephanie Kelton's book, The Deficit Myth, and the way in which it accounts more elegantly for debt dynamics and inflation over the last decade [embedded content]

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A really good introduction to MMT with no ifs and buts. It's very positive.

In Modern Monetary Theory Explained, I simply lay out the key principles of MMT and look at what some of the arguments are for and against it.

Modern Monetary Theory (MMT) may have been around for many years but it has recently gained in popularity with the advent of Stephanie Kelton's book, The Deficit Myth, and the way in which it accounts more elegantly for debt dynamics and inflation over the last decade





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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