Ep. 128 The Destructive Idiocy of “Modern Monetary Theory”

5 March 2018     |     Tom Woods     |     66

Modern Monetary Theory (MMT) is gaining traction. Its adherents think it’s just common sense, but it’s actually destructive nonsense. Why, governments can never “run out of money,” because they have a printing press! OK, it’s a little more sophisticated than that, but not nearly as much as they think it is.

More inanities smashed courtesy of Contra Krugman.

Krugman Article

MMT, Again” (August 15, 2011)

Articles Mentioned

The Radical Left-Wing Theory That the Government Has Unlimited Money,” by Tom Streithorst
Does “Depression Economics” Change the Rules?,” by Bob Murphy
The Upside-Down World of MMT,” by Bob Murphy

Other Resources

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