An obscure economic fad known as Modern Monetary Theory is again in the news. This is in part because its leading advocates are backing away from several of its central predictions, while ...

Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an ...

The Death of the Debasement Trade? Marjorie Taylor Greene Stumbles into Populism’s Blind Alley Vogue Embarrasses Itself in Its Gushing Profile of ‘Embarrassingly Handsome’ Newsom Now the Trump ...

Hey smarties! We’re on a break for the holidays, so we’re revisiting some favorite episodes from 2020. We want to say a big thank you for being part of the Make Me Smart family this year — every ...

In today’s world of high inflation and multi-trillion-dollar budget deficit, many believe the U.S. government has spent too much to bring the economy out of the COVID-19 recession. While today’s ...

Note: Marketplace podcasts are meant to be heard, with emphasis, tone and audio elements a transcript can’t capture. Transcripts are generated using a combination of automated software and human ...

Few words spark more anxiety in public debate than "national debt" and "government deficit." National debt is the total amount of money the government owes, accumulated over years of running deficits.

“For every complex problem,” wrote H.L. Mencken, “there is an answer that is clear, simple, and wrong.” The issues of “health care, infrastructure, education,” and “climate change” could all be solved ...

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market ...

Despite James Mackintosh’s suggestion in “Streetwise: Modern Monetary Theory Isn’t Coming in the Future. It’s Here Now” (Markets, Nov. 22), MMT remains a niche theory endorsed by only a small but ...

Good ideas don’t always outcompete bad ones. But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers ...