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MMT gets a lot of attention. It is an interesting, albeit misguided, concept. In fact, proponents of the theory actually do a lot of contradicting themselves.
In this video I discuss MMT and how it is designed to "cool" the economy. Proponents of this know that taking money from the private sector and putting it in the public, i.e. government, will lead to economic contraction. In fact, that is the goal of it.
Then why is it being espoused when the economy is weak?
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