Modern Monetary Theory Debunked: A History Lesson on Deficit Spending
For millennia, alchemists have searched for a way to create gold from cheap raw materials. Explorers searched for the ‘fountain of youth’. Economists and governments - they are always searching...
The concept of a ‘universal basic income’ - giving all citizens of a city, state, or nation a constant, guaranteed income - is gaining popularity. Google searches for ‘universal basic...
What does a Negative Interest Rate on Government Debt mean for you?
In today’s world, when a government decides it wants to stimulate its economy, the central bank of that country often lowers interest rates to make borrowing money cheaper and saving money less...
Central banks today use a few tools to impact economies and manage cycles. However, these tools are sometimes implicated in negative changes to the economy, such as wealth redistribution, inflation,...
Modern Monetary Theory is famous for its assertion that money does grow on trees, at least for governments that issue their own currency and debt like the United States. The natural next question...
Helicopter money is newly printed currency distributed to households - debasing the currency while making people feel richer. Learn more about its effects.
