Ep. 128 The Destructive Idiocy of "Modern Monetary Theory" - a podcast by Bob Murphy and Tom Woods

Modern Monetary Theory (MMT) is gaining traction. Its adherents think it's just common sense, but it's actually destructive nonsense. Why, governments can never "run out of money," because they have a printing press! OK, it's a little more sophisticated than that, but not nearly as much as they think it is.

 

More inanities smashed courtesy of Contra Krugman.