Head staggering uncertainty seems to be the new normal. The rise of populism and now the spread of pandemic is rocking the foundations of life around the globe. Small wonder that the audience for radical economic ideas is growing. More specifically, Modern Monetary Theory or MMT is catching the zeitgeist. As policymakers scramble to soften likely economic collapse, their actions may soon be dominated by the ideas and policy prescriptions of MMT. MMT is a relatively young school of unorthodox economic theory. While it draws its inspiration from the early 20th century thinking on money of German economist Georg Friedrich…
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