Post #5411 by Dope1 on the US Policy board

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The economists have discovered they were wrong about how much debt we can incur without seriously hurting the economy.

Uh, huh. Which ones?

Not these guys?
https://www.investopedia.com/modern-monetary-theor...

Modern monetary theory (MMT) is a heterodox macroeconomic supposition that asserts that monetarily sovereign countries (such as the U.S., U.K., Japan, and Canada) which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending.

And we're living in the proof that this theory is full of it, as more dollars sloshing around in the system = higher prices felt by all.

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