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It's also such a disingenuous name – "modern" monetary theory. To the layman, it automatically reads like a new and improved understanding of Economics, when in reality it's just another theory, and not even a very mainstream one at that.



It started as a joke. It's called "modern" because it only applies to the past 4000 years.

https://www.nakedcapitalism.com/2018/10/randy-wray-modern-mo...


That might very well be an interesting bit of trivia but it doesn't make it less disingenuous




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