MMT advocates claim they have the secret recipe to avoid the pitfalls of currency debasement and mountains of debt.
For those unaccustomed with MMT, in essence it states that the U.S. government can print and spend money limitlessly. Deficits don’t matter. Neither does the national debt.
MMT has several high-profile adherents, from Sen. Bernie Sanders (I-Vt.) to Rep. Alexandria Ocasio-Cortez (D-N.Y.).
Source: The false promise of modern monetary theory | TheHill
