IT WILL COME BACK UNDER A DIFFERENT NAME: MMT Is Dead. It Must Now Be Buried for Good. “We are all Keynesians because the government’s out of control spending has forced us to be. In the latter sense, we are not Keynesians because that spending has decimated our financial well-being. Modern Monetary Theory (MMT) is essentially an offshoot of Keynesianism in that government can spend ad nauseam and commensurately print money without any ill effect. With the historic inflation we are now experiencing, MMT has been thoroughly repudiated. MMT is dead–it must now be buried.”
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