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 ...

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

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 ...

That notion was rooted in what’s called Modern Monetary Theory, which posits that there’s nothing to worry about with regard to the level of government spending and borrowing since the ...

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 ...

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 ...

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.