What is Modern Monetary Theory (MMT)?
Governments can try and stimulate the economy through various methods. One method used is monetary theory which involves increasing the money supply. Governments can adopt monetary policy by decreasing the interest rates, decreasing the reserves which banks are required to hold, or printing more money to increase the supply of money in the economy. However, there is another policy called Modern Monetary Policy which we discuss in this article and we include arguments for and against this theory. What is …