{"id":4456,"date":"2019-03-02T21:20:20","date_gmt":"2019-03-02T21:20:20","guid":{"rendered":"https:\/\/www.novonon.com\/blog\/2019\/03\/02\/what-modern-monetary-theory-is-and-why-leftists-love-it\/"},"modified":"2019-03-02T21:20:20","modified_gmt":"2019-03-02T21:20:20","slug":"what-modern-monetary-theory-is-and-why-leftists-love-it","status":"publish","type":"post","link":"https:\/\/www.novonon.com\/blog\/2019\/03\/02\/what-modern-monetary-theory-is-and-why-leftists-love-it\/","title":{"rendered":"What Modern Monetary Theory Is and Why Leftists Love It"},"content":{"rendered":"<p>Modern monetary theory has been coming up a lot here in the early stages of the Democratic primaries. It&#8217;s not at all clear to me that it&#8217;s a safe or sane approach, but there are certainly economists who believe it is. Here are a few articles on the subject:<\/p>\n<p><a href=\"https:\/\/www.vice.com\/en_us\/article\/a34n54\/modern-monetary-theory-explained\">https:\/\/www.vice.com\/en_us\/article\/a34n54\/modern-monetary-theory-explained<\/a><\/p>\n<p><a href=\"https:\/\/krugman.blogs.nytimes.com\/2011\/03\/25\/deficits-and-the-printing-press-somewhat-wonkish\">https:\/\/krugman.blogs.nytimes.com\/2011\/03\/25\/deficits-and-the-printing-press-somewhat-wonkish\/<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonpost.com\/business\/modern-monetary-theory-is-an-unconventional-take-on-economic-strategy\/2012\/02\/15\/gIQAR8uPMR_story.html\">https:\/\/www.washingtonpost.com\/business\/modern-monetary-theory-is-an-unconventional-take-on-economic-strategy\/2012\/02\/15\/gIQAR8uPMR_story.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modern monetary theory has been coming up a lot here in the early stages of the Democratic primaries. It&#8217;s not at all clear to me that it&#8217;s a safe or sane approach, but there are certainly economists who believe it is. Here are a few articles on the subject: https:\/\/www.vice.com\/en_us\/article\/a34n54\/modern-monetary-theory-explained https:\/\/krugman.blogs.nytimes.com\/2011\/03\/25\/deficits-and-the-printing-press-somewhat-wonkish\/ https:\/\/www.washingtonpost.com\/business\/modern-monetary-theory-is-an-unconventional-take-on-economic-strategy\/2012\/02\/15\/gIQAR8uPMR_story.html<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-4456","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3pfIY-19S","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/4456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/comments?post=4456"}],"version-history":[{"count":0,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/posts\/4456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/media?parent=4456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/categories?post=4456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.novonon.com\/blog\/wp-json\/wp\/v2\/tags?post=4456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}