Modern Monetary Theory is an old Marxist Idea
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Modern Monetary Theory is an old Marxist Idea

ByClaudio Grass

There is nothing new under the sun Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures themselves and…

The Road to Serfdom – by the example of Venezuela – Part I
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The Road to Serfdom – by the example of Venezuela – Part I

ByClaudio Grass

“Venezuela is the current poster child of interventionist failure” When looking at the quality of the media coverage of Venezuela’s crisis and the interpretations of the factors that caused it, the superficiality of most analyses quickly becomes apparent. The explanations offered by many “experts” and commentators largely ignore the country’s…