What Is Modern Monetary Theory?
The writers call such a government the monopoly supplier of its currency.
Video coming soon. The lesson video will appear here once it is published on YouTube.
Check yourself: sample questions
Think about each question, pick what you would answer if you like, then select “Show answer” to see the solution and why. Nothing is graded or sent to us. Example numbers are worked examples, not predictions.
1.What is MMT, as the video describes it?
The writers call such a government the monopoly supplier of its currency.
2.Do MMT supporters say a government can print without limit?
At full employment, more government spending will be inflationary.
3.What did the 2019 Clark Center panel of 38 US economists show about two MMT-style statements?
Neither statement mentions the inflation limit that the supporters name.
Full course: 5 more questions for this lesson
The full course unlocks all self-check questions of all 365 lessons, the daily plan, your progress and the printable learning record. Lessons 1 to 7 are completely free.
See the full course Start the free week
Already bought? Open the course on this device
Sources (4)
- Tymoigne, E., Wray, L. R.: Modern Money Theory 101: A Reply to Critics, Levy Economics Institute Working Paper No. 778, November 2013
- Palley, T. I.: Kritik an
- Clark Center Forum (Univ. Chicago Booth): US Economic Experts Panel, Modern Monetary Theory, 13. March 2019
- Eigene Rechnung: Spielraum einer gedachten Wirtschaft (Volllast 100, ausgelastet 90, Zusatzausgaben 10
Education only. Not financial advice.