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Market-Based Solutions to Vital Economic Issues

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Market-Based Solutions to Vital Economic Issues

Institute Insights: Modern Monetary Theory Is Already Here

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Kenan Institute Director of Research Christian Lundblad elaborates on the recent discussion around Modern Monetary Theory. This intellectual approach takes an unorthodox view of the nature of government taxation and expenditure, arguing (among other things) that a sovereign nation that can spend, tax and borrow in its own currency faces very different constraints than often modeled in traditional economics textbooks.

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