Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox macroeconomic theory concerning the role of fiscal and monetary policy in sovereign governments that borrow and issue government debt in their own currency. MMT departs from the mainstream economic consensus by rejecting the conventional model of central bank independence.
Modern Monetary Theory or Modern Money Theory (MMT) is a heterodox macroeconomic theory concerning the role of fiscal and monetary policy in sovereign governments that borrow and issue government debt in their own currency. MMT departs from the mainstream economic consensus by rejecting the conventional model of central bank independence.
Source: Wikipedia "Modern Monetary Theory" · CC BY-SA 4.0
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