Modern Monetary Theory and Its Poisonous Implications [Teoria monetară modernă şi implicaţiile sale nefaste]

Cerna Silviu
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Cerna Silviu: Universitatea de Vest din Timişoara

Revista OEconomica, 2019, issue 03

Abstract: A new economic theory – “Modern Monetary Theory” (MMT) – has been enjoying great success in the US lately and is often invoked in Europe. It is supported mainly by left-wing politicians and economists, who advocate for the further increase of the budget deficit, financed more by the creation of currency than by the issuance of government securities in order to easily finance the deficit of the state.

Keywords: credit; government debt; budget deficit; interest; inflation; liquidity; currency; solvency; sustainability; monetary theory (search for similar items in EconPapers)
JEL-codes: B10 E59 E60 E61 E62 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2019:i:03:id:543

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