The Modern Monetary Theory Could Trigger a Rome-Style Collapse

The left wing of the Democratic Party has a lot of ambitious proposals on the table in the form of the Green New Deal, and they've come up with an imaginative way to pay for it: Modern Monetary Theory, or MMT for short. This is essentially the idea that there's nothing to prevent a sovereign government like the United States from printing as much money as it needs to pay for whatever it wants. But here's why MMT would end in disaster... Tags: Inflation To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Modern Monetary Theory Could Trigger a Rome-Style Collapse appeared first on Money Morning - We Make Investing Profitable .