Listen to the following podcast on NPR.

https://www.npr.org/sections/money/2018/09/26/651948323/episode-866-modern-monetary-theory(Links to an external site.)

Read the following blog posts:

https://marginalrevolution.com/marginalrevolution/2020/05/the-deficit-myth-and-modern-monetary-theory.html(Links to an external site.)

and

https://www.mercatus.org/bridge/commentary/why-hot-new-idea-economics-actually-bad-idea(Links to an external site.)

You've had some idea of MMT throughout this course.I've introduced it into this macroeconomics class because it is a current issue.After listening to Professor Kelton and reading her critics. Answer the following questions: What are the chances of MMT becoming the prevailing policy after the COVID crisis? Are we already doing MMT without knowing it? Professor Kelton says we shouldn't worry about inflation (we've haven't had much in the last 20 years) her critics disagree because they believe MMT pushes the envelope toward inflation. Explain.

Incorporate critiques from above or support MMT from the resources we've used in this class.