Alexandria Ocasio-Cortez is a fan of a geeky economic theory called MMT: Here’s a plain-English guide to what it is and why it’s interesting

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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