What is Modern Monetary Theory?
'''Modern Monetary Theory''', '''Modern Money Theory''' ('''MMT'''), or '''Modern Monetary Theory and Practice''' ('''MMTP''') is a [[macroeconomics|macroeconomic]] theory and practice that sees the practical uses of [[fiat currency]] in a public monopoly from the issuing authority, normally the government's [[central bank]].<ref>[https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3569416 Modern Monetary Theory (MMT): A General Introduction.] ''Political Economy - Development: Fiscal & Monetary Policy eJournal''. Social Science Research Network (SSRN). Accessed 10 April 2020.</ref> MMT says that the government could use [[fiscal policy]] to achieve [[NAIBER|full employment]] and money creation to fund government purchases. ==References== {{reflist}} [[Category:Economic theories]] {{stub}}