The State Theory of Money: Your shortcut to understanding Modern Monetary Theory (Part 1)

By Iain Dooley In a recent article on The AIMN, ‘What is Modern Monetary Theory and will it help?‘, Ken Wolff gives an excellent outline of Modern Monetary Theory (MMT). It’s a great article and covers all the key points about MMT with absolute clarity, and yet in the comments we still had many people…