Source: The Daily Economy
by Stefan Bartl
“Modern Monetary Theory (MMT) emerged like a laboratory experiment equal in ambition and madness. MMT is the idea that governments and central banks can print money and flood the economy with their respective currency without consequences, as long as the velocity of cash in circulation remains under control. In 2019, the theory had begun to seep into the political mainstream as a means to pay for large government expenditures, such as The Green New Deal, by potential 2028 presidential candidate Alexandria Ocasio-Cortez. The brainchild of Stephanie Kelton, advisor to the Bernie Sanders 2016 presidential campaign, MMT underlines the idea that, unlike a household, the government can disregard its budget entirely.” (10/30/25)