Tuesday, September 20, 2016

Does MMT Represent a Paradigm Shift?

Just as Copernicus rediscovered the nature of the heliocentric solar system first postulated by the ancient Greeks (Aristarchus), so to has the purveyors of Modern Monetary Theory resurrected the intricacies of a sovereign currency first utilized in ancient Egypt and more recently in colonial America.

Knowing the U.S. will always be able to pay its bills changes the way the economy can be managed.

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