Critics of Modern Monetary Theory frequently rely on misrepresentations rather than engaging with its actual principles. We examines a Zero Hedge critique, demonstrating why MMT’s view on money creation and deficits is not just theory but an explanation of how modern economies function.

Notes:

• My Debate with Bob Murphy: https://www.youtube.com/watch?v=Ptu2R-CM6Mo
• The article "How Modern Monetary Theory Advocates View Money & The State": https://www.zerohedge.com/economics/how-modern-monetary-theory-advocates-view-money-state