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ravi saraogi

Ravi Saraogi

MMT proposes that a State which issues its own currency cannot go bankrupt or default as it can always print currency to settle all obligations.

Modern monetary theory- a resurrection of a failed idea

by Ravi Saraogi |May 26, 2019

Modern monetary theory has provided hope that the current economic problems can be solved if we look at things in a "new" light. Blinded by this hope, the fact that this theory is not "new" and has fa...