“Modern Monetary Theory” is Magical Thinking: There’s No Free Lunch
There’s a new genie that’s popped from the lamp to help pay for the wishlist of multi-trillion dollar programs, and it’s got a smart-sounding name: “Modern Monetary Theory.” It’s also got a very heavy lift, because of the staggering federal spending ambitions of both Senators Bernie Sanders and Elizabeth Warren. Each candidate would more than…
