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Claudio Grass, Precious Metal Advisory In Switzerland

Claudio Grass, Precious Metal Advisory In Switzerland

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Tag: Michael Kalecki

Updated on February 26, 2020February 27, 2020/ Claudio Grass

Modern Monetary Theory is an old Marxist Idea

Modern Monetary Theory is an old Marxist Idea

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 therefore deficits don’t matter, actually …

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