The Rise and Fall of the Modern Monetary Theory

John Avlon: As America nears 32 trillion in debt, these are heady times for Modern Monetary Theory. He says MMT adds the Central Planner-pleasing twist that inflation by government spending is best of all. Avlon: Politicians like Elizabeth Warren are already pushing the Hoover FDR agenda. If that gains steam, then it could be time to head for the hills," he writes.