03/24/19

Modern Monetary Theory v Magic Money Tree

So, your Big Red Car is taking a break from the NCAA Championship and was reading an excellent article on MMT (Modern Monetary Theory) on Bloomberg Businessweek.

MMT is, of course, the economic theory upon which folks like Congresswoman Alexandria Ocasio-Cortez base the idea that the government can afford all the things in her Green New Deal.

Image result for north carolina basketball team images

Can you guess for whom I am rooting?

Continue reading