Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an ...

I read “Searching for Capitalism in the Wreckage of Globalization” with more frustration than surprise. Oren Cass’s argument consists, roughly speaking, of two parts. The substance of both parts ...

The proposition is about as outlandish as it sounds: Everything we know about modern economics is wrong. And the man who says he can prove it doesn’t have a degree in economics. But Ole Peters is no ...

Most people like new stuff more than they like paying for it. Poll a few thousand Americans about whether they'd enjoy having a BMW, and most would probably say yes. Ask how they'd feel if told it ...

Once upon a time, not that long ago actually, the federal deficit and national debt mattered. In 2008, then-presidential candidate Barack Obama said, “We’re just taking out a credit card from the Bank ...

Despite James Mackintosh’s suggestion in “Streetwise: Modern Monetary Theory Isn’t Coming in the Future. It’s Here Now” (Markets, Nov. 22), MMT remains a niche theory endorsed by only a small but ...

Our nation will run a huge federal deficit in 2020. This comes as economic theory has lagged events for more than a decade. It is at a time when the Federal Reserve has kept interest rates extremely ...

Discover the concept of underconsumption, its role in economic theory, and real-world examples like the auto industry during ...

Man pressing a button to restart national economy after crisis. Composite image between a hand photography and a 3D background. Modern monetary theory (MMT) has gone mainstream — sort of. Long ...

Forbes contributors publish independent expert analyses and insights. Roger Huang writes about Bitcoin and its wider impact on society. Modern monetary theory (abbreviated as MMT) was first an ...