Description: Modern Monetary Theory, the buzziest economic idea in decades, got a pandemic tryout of sorts. Now inflation is testing its limits.

Source: NYTimes.com

Date: Feb 07, 2022

Link: https://www.nytimes.com/2022/02/06/business/economy/modern-monetary-theory-stephanie-kelton.html

Questions for discussion:

• What is MMT as you understand it?
• How would you answer the questions posed in the article – “Did Congress ‘experiment’ with MMT, and does the run-up in inflation mean that MMT has ‘failed’?”