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According to Modern Monetary Theorists (MMTers), governments of nations that control their own currency need not rely on borrowed money or revenue collected in taxes for funding. They can simply fund projects by printing more currency (i.e. monetary expansion).
Economists are weary of this kind of deficit spending because of the risk of price inflation.
On the other hand, MMTers argue that deficits aren’t as harmful as our common sense tells us they are. Among other…
