Tagmodern monetary theory

What is MMT and Why Is It Causing A Stir in America?

alexandria ocasio cortez aoc chelsea manning

At a time when some market observers are increasingly of the opinion that America may be heading toward a recession, a fringe financial theory is starting to make its way around Washington DC. Pushed by bipartisan support from prominent politicians like Alexandria Ocasio-Cortez and - some would argue Donald Trump himself - Modern Monetary Theory (MMT), which has hitherto been regarded as a...

AOC's Beloved MMT Earns Surprising Rebuke from Warren Buffett

Alexandria Ocasio-Cortez, AOC, Warren Buffett, MMT

Warren Buffett may be a Democrat, but that doesn’t mean he’s on board with the economic policies promoted by progressive firebrand Alexandria Ocasio-Cortez. The congresswoman from New York plans to ramp up spending and drive the US deficit closer to the cliff-edge with a $40 trillion indulgence. Speaking in an interview with Bloomberg, the Oracle of Omaha made it clear where he stands on the...