A Critique of Modern Monetary Theory: Based on the concepts introduced in the Book "Enlightened Capitalism: A Keynes Primer"

Modern Monetary Theory (MMT) is a model of economics that has gained more attention in recent years, likely because of its message that countries who create their own currency can never run out of money and will always be in a position to pay for any expenses. Such spending, MMT proponents allege, is not impaired by the inability to raise sufficient funds by taxes, and further, borrowing to pay for government spending provides no obstacles due to the ability of the government to create more...