The dangerous appeal of MMT
MODERN Monetary Theory, or MMT, is the academic argument created to justify the “progressive” ideology of big government and massive public spending. It is a buzzword that
hires a constant contentious issue among hiring managers, Garcia says what his solution offers is something that will be created (from the government’s point of view) at some future
it represents new assets.
At the end of the year, the government needs to balance the books. It has transferred P1 trillion in assets (future money) to the public side in exchange for funds (present money) to complete its expenditures, but since that money has been spent, it still has an accounting
non-employee referral programs by not just limiting this to applicants since the Scouts base are not necessarily applicants of our partner companies. It strengthens the external candidate reach of our partner companies via our Scouts which are spread out across the Philippines. “
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- mand (everyone has money that they want to spend) and outraces government’s ability to control it. Therefore, the ideal balance according to MMT is an unemployment rate that is just slightly higher than the prevailing in-
continuously increase spending (and