29-06-2020 10:35 via ocregister.com

Modern Monetary Theory risks massive inflation

In response to the coronavirus, the federal government has added almost $3 trillion to the national debt just in the last few months. The federal budget is astronomically out of balance. No one in Washington seems to care. The deficit hawk is not just an endangered species; the bird is extinct.
During the presidential primaries, Sen. Bernie Sanders espoused massive increases in government spending. When asked who would pay for it, he replied that modern monetary theory (“MMT”) p
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