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Ndongo Samba Sylla – What does MMT have to Offer Developing Nations?

Summary:
Last year, five Republican senators made a political move unprecedented in a formally democratic country like the United States: they introduced a resolution calling on the US Senate to condemn an economic theory the implementation of which would “pose a clear danger to the economy of the United States”. They were talking about Modern Monetary Theory, or MMT. But what was so outrageous about the incriminated economic theory that it deserved the rejection and anger of right-wing politicians in the first place? Brave New Europe  Ndongo Samba Sylla – What does MMT have to Offer Developing Nations?

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Last year, five Republican senators made a political move unprecedented in a formally democratic country like the United States: they introduced a resolution calling on the US Senate to condemn an economic theory the implementation of which would “pose a clear danger to the economy of the United States”. They were talking about Modern Monetary Theory, or MMT. But what was so outrageous about the incriminated economic theory that it deserved the rejection and anger of right-wing politicians in the first place?

Brave New Europe 

Ndongo Samba Sylla – What does MMT have to Offer Developing Nations?
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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