Abstract
Modern Money Theory is hot. It argues federal deficits do not typically matter. But what happens when the economy reaches full employment? This economist provides a highly accessible rebuttal to the MMT advocates.
Notes
Notes
1 For more details on my assessment of MMT, please see Epstein (Citation2019).
Additional information
Notes on contributors
Gerald Epstein
Gerald Epstein is a Professor of Economics and Co-Director of the Political Economy Research Institute (PERI), University of Massachusetts, Amherst, MA, USA.