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Trillions in coronavirus spending is putting AOC's favorite economic theory to the test

  • Written by Steven Pressman, Professor of Economics, Colorado State University
Trillions in coronavirus spending is putting AOC's favorite economic theory to the testThe Fed can create all the money Uncle Sam needs. GeorgePeters/Getty Images

French philosopher Voltaire famously quipped: “If God did not exist, it would be necessary to invent him.” Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy’s only hope to get through the pandemic.

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Metropolitan republishes selected articles from The Conversation USA with permission

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