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national debtPhys Org
•Business
Business & Economics
83% Informative
A dissenting school of economic thought known as modern monetary theory ( MMT ) argues that governments that issue their own currency aren't like households.
MMT argues that a government with full monetary sovereignty faces no hard financial limits on its spending.
This theory has significant implications for how Canadians understand public debt and deficit spending.
Inflation is the real constraint, not deficits, says Andrew Hammond.
MMT is not a one -size-fits-all policy directive, but a framework that emphasizes how governments with currency sovereignty operate.
Canada is well-positioned to benefit from an MMT -informed approach to fiscal policy, authors say.
Canada can create an economy that works for everyone, not just the wealthiest few, they say.
VR Score
83
Informative language
81
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40
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informal
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English
Language complexity
73
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long-living
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37
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28
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