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Michael Lebowitz and Lance Roberts

Articles by Michael Lebowitz and Lance Roberts

MMT Sounds Great In Theory…But

February 7, 2019

If you haven’t heard about Modern Monetary Theory, or “MMT” for short, by now, you will soon. It is highly likely that MMT will be increasingly touted by economists and politicians from both sides of the aisle, as the economic prescription, even panacea, to cure our economic ills. Regardless of your view, MMT will have large effects on all asset classes, so we urge you to read this article, and others, describing this economic theory.
Kevin Muir recently penned an article “Everything You Wanted To Know About MMT” which delves into what MMT proposes to be. To wit:
“Modern Monetary Theory is a macroeconomic theory that contends that a country that operates with a sovereign currency has a degree of freedom in their fiscal and monetary policy which means government spending is never revenue

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