The money comes from nowhere ... Wray is one of the architects of Modern Monetary Theory, or MMT. In essence, it is a description of how our monetary system works. The implications are profound.

modern monetary theory is a fringe school of economic thought arguing that the federal government, as the sole issuer of legal tender, can issue virtually limitless amounts of new money to fund ...

As Market Watch reports, financial experts say Musk is describing the principles of Modern Monetary Theory (MMT). MMT is an economic theory that states accumulating debt shouldn't be a concern since ...

If you're an investor, then you owe a word of gratitude to the late Nobel Prize laureate Harry Markowitz and his work on Modern Portfolio Theory (MPT). The development and subsequent ...

That's what proponents of an unorthodox economic theory called MMT, or modern monetary theory ... as it can always issue more money to pay it back. Advocates encourage such nations to spend ...