The pandemic has offered economist Stephanie Kelton a chance to help turn Modern Monetary Theory into practice. What if the federal deficit didn’t actually matter? Modern Monetary Theory ...

I have read Modern Monetary Policy in Theory and Practice: Central Banking and Financial Markets by Masaaki Shirakawa, Governor of the Bank of Japan (BOJ). The book was published in March this ...

Stop worrying about debt and just go on a splurge. That's what proponents of an unorthodox economic theory called MMT, or modern monetary theory, are suggesting countries like Japan and the US ...