Trump Has Fully Embraced the Idea That Deficits Don't Matter
Reason.com -

There's a newly popular leftist economic concept known as Modern Monetary Theory, which argues that because the government prints its own money it doesn't have to worry about running up deficits or even raising taxes to pay for more government spending. According to this idea, the currency is a public monopoly, so the government has few restrictions on its funding. It can't go bankrupt because it owns the printing presses.

The burgeoning economic justifications for this trendy theory seem rather...

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