The Truth about Modern Monetary Theory

Fergus Hodgson, June 22, 2021

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The rise of Modern Monetary Theory (MMT) in policy and academic circles is changing the discussion on government spending and taxation. For Steven Globerman, an emeritus professor of economics at Western Washington University and a Fraser Institute scholar, MMT is an old idea in new clothes.

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Recommended Links

• Connect with Steven on LinkedIn.
•  “A Primer on Modern Monetary Theory,” Fraser Institute.
• “Modern Monetary Theory: A Fairy Tale for Social Engineers,” by Fergus Hodgson.
• “The Deficit Myth Review: Years of Magical Thinking,” by John Cochrane.
• “QE, or Not QE? Impact of Fed Bond-Buying Will Depend on Treasury,” Bloomberg News.

If You Liked This Episode

• “Why MMT Is Already US Policy,” Gold Newsletter Podcast.
• “How Modern Monetary Theory Exacerbates Inequality,” Gold Newsletter Podcast.
• “Zero-Interest World Makes Inflation Inevitable,” Gold Newsletter Podcast.
• “How Inflation Finally Caught Up with the Fed,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter, Facebook, and LinkedIn.