Modern Monetary Madness Will Lead To Higher Taxes and Inflation

- MMT: Modern monetary madness and pet economists

- Can this really be a thing?  Actually printing money as an
  economic policy?

- Begin structuring portfolios and lives to avoid being in a tunnel
  with an oncoming train

More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I looked into it and fairly quickly dismissed it as silly.

 

Actually printing money as an economic policy?  Get serious.