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Modern Monetary Theory 101

April 10, 2019
by Caroline Miller
A Beginner's Guide to MMT, Federal Reserve Bank, fiat money, Modern Monetary Theory, Peter Coy, Richard Nixon, taxes and inflation, the gold standard, unlimited government spending
2 Comments
In a February blog, I mentioned an economic idea beloved by the far left called Modern Monetary Theory. (MMT)  It posits that  a  country with its own currency needn’t worry about accumulating debt because it can print money to pay off its interest.  Sounding too good to be true
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About Our Economy: Figures Lie And Liars Figure

March 08, 2019
by Caroline Miller
Albert Einstein, Karl Marxan, Milton Freeman, Modern Monetary Theory, social ideas in a capitalistic society
0 Comment
The man I succeeded in public office liked to say, “Figures lie and liars figure.”  I won’t speak about liars but figures can be slippery. After 8 years of grappling with a county budget, I gained a healthy understanding that numbers have a plasticity.  Many assumptions are bu
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The Money Magic Trick Known As MMT

February 22, 2019
by Caroline Miller
Alexandra Ocasio-Cortez, Bernie Sanders, Katia Dmitrieva, Modern Monetary Theory, Nancy Pelosi, Peter Coy, Tax Driver
6 Comments
If  voters are to understand the Democratic debates in the next election, they will need to understand a “new economics” that is beloved by the political left: Modern Monetary Theory, affectionately known as MMT.  I think of it as Money Magic Trick. And it isn’t new.  The the
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