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]]>Congresswoman Alexandria Ocasio-Cortez said Modern Monetary Theory (MMT) should be “a larger part of the conversation” in an interview with Insider in January. MMT is a big departure from conventional economic theory. It proposes governments that control their own currency can spend freely, as they can always create more money to pay off debts in their own currency.
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]]>WASHINGTON (Reuters) – Twitter may not be the best place to decide the future of the U.S. economy. But square off a Nobel laureate and a former U.S. Treasury chief against a firebrand professor from a state university in New York, and an otherwise obscure debate over “modern monetary theory,” or MMT, becomes a center ring battle over how the Democratic Party should shape economic policy ahead of the 2020 presidential election.
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]]>With U.S. government Kelton currently works as a professor of public policy and economics at Stony Brook University. Previously, she served as chief economist for the Democrats on the U.S. Senate Budget Committee and was a senior economic advisor to Below is the Q&A with Kelton, edited for time and clarity.
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