Not long ago, policymakers like Rep. Alexandria Ocasio-Cortez were enamored of something called Modern Monetary Theory (MMT). This theory starts with a banal observation — that a government that issues the currency its debts…
The last three years or so have seen the death of Modern Monetary Theory (MMT). This is a theory that starts with a banal observation — that a government that…
“What I shall argue”, writes Lorenzo Forni in The Magic Money Tree, “is that the main principles of economics remain unchanged; it is only the circumstances in which they operate…
The Fight for 15 Wages were up last month, but owing to inflation, they’ll buy less. In real terms, people are worse off. Last week, Noah Smith wrote for Bloomberg:…
A monetary theory more Aristotle than Copernicus.
Like the undermentioned parrot, Modern Monetary Theory fails to check three boxes.
Hello! This week, Isaac Orr is joined by Heartland’s Donald Kendal, Justin Haskins, and Jim Lakely for episode 237 of the In The Tank Podcast. How far away is the…
Hello! In this episode, Isaac let’s Donny, Justin, and Jim take the reigns. The gang talks about Heartland’s trip to Madrid for COP25 and how climate alarmism seems to paint…
Hello! Today’s episode of the In the Tank Podcast, features a discussion of socialism, and why philosophy majors have the highest opinion of it (hint, can you think of a less practical…
The Magic Money Tree which will pay for trillions of dollars of new spending has a new name: Modern Monetary Theory
Heartland’s Donald Kendal, and Jim Lakely are joined by Isaac Orr in episode #187 of the In The Tank Podcast. Today’s episode features work from the Center of the American Experiment, and…
Heartland’s Donald Kendal, and Justin Haskins are joined by Isaac Orr, Policy Fellow at the Center of the American Experiment, in episode #183 of the In The Tank Podcast. This weekly…
And it's a spending problem, not a revenue problem — making proposals like "Medicare for All" or a "Green New Deal" even more worrisome.