Few words spark more anxiety in public debate than "national debt" and "government deficit." National debt is the total ...

An earlier version of this article included an incorrect anecdote regarding a Modern Monetary Theory meeting. This version has been updated. About 11 years ago, James K. “Jamie” Galbraith ...

Her expertise is in personal finance and investing, and real estate. Modern Monetary Theory was developed by Warren Mosler. Modern Monetary Theory (MMT) decrees that governments that issue their ...

The term “modern monetary theory” has been talked about so much lately that we mainstream economists need to try to understand it. We’re having trouble, though I’m beginning to suspect ...

Using modern portfolio theory, investors can build portfolios that maximize return for a given level of risk or minimize risk for a desired level of return. Since its introduction by Henry ...

But none have been as popular as modern portfolio theory (MPT). Here, we look at the basic ideas behind MPT, its pros and cons, and how it should factor into your portfolio management. Modern ...

Paul Krugman first wrote about modern monetary theory on March 25, 2011. He last wrote about MMT in a two-part series on February 12-13, 2019. Although he’s had almost a decade to come to terms ...

Modern Portfolio Theory (MPT) is an academic practice for optimizing investment portfolios in pursuit of realizing the greatest potential reward for the amount of risk an investor is willing to ...

But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers during the Biden-Harris administration ...

Then, let's update those frames with a modern theory that unifies psychological science into a coherent whole 1. The result is that we can keep the Freudian baby and remove the bathwater.

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 ...