Despite having been slammed by several prominent economists, policymakers and top Wall Street corporate leaders, modern monetary theory is not going away anytime soon. If anything, the debate over MMT ...

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.

Modern Monetary Theory (MMT) says countries that spend, tax and borrow in their own currency shouldn’t worry about government deficits because they can print as much money as they need. Traditional ...