The Impact of Modern Monetary Theory on Economic Policies

The chapter delves into the concept of Modern Monetary Theory (MMT) and its implications on economic policies, including issues such as inflation, government taxation, and the concept of a jobs guarantee. Critics of MMT are also discussed, providing contrasting views on the theory and its practicality in economic management. The chapter highlights the ongoing debate surrounding MMT, its controversial implications for economic policy, and its significance in current economic discussions.