Commentary MMT Policy (Modern Monetary Theory), the grand experiment, was tried following the pandemic-driven shutdown of the economy. It failed miserably. However, before we get to its failure, we need to review the policy to understand why it failed to work as anticipated. According to Investopedia: “The central idea of MMT is that governments with a…

Commentary Economics is about human action and choice within the context of scarcity. The problem facing economists is how to understand and explain human betterment, which is another way of saying production. The critical question, posed correctly by economist Per Bylund, starts with scarcity as the default point for understanding purposive human behavior: Anti-economics, by…