Modern Monetary Theory (MMT) FAQs

Friday, 19 March 2021

Via Nordea:

Modern Monetary Theory has drawn attention from the public as well as in academic circles, but why the fuss? Why is MMT more relevant than ever and why do some economists talk about MMT as if it were the holy grail while others strongly reject it? What is MMT? Is it already implemented in practice?Should you care as an investor? And what are the portfolio consequences of a full-blown MMT regime? We try to answer the frequently asked questions in this piece. Enjoy!

Q1:Why the fuss?

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.