Have you recently been hearing about Modern Monetary Theory (MMT)?
And rightly so – it raises some serious and pertinent issues.
I’ve been getting absorbed with MMT lately. With all the fiscal stimulus that has been introduced I felt I needed to understand more about the Federal Deficit.
Is it important?
Should I be concerned that it’s rising so much, and so fast?
Can we “afford” the stimulus that seems necessary to avoid a complete depression?
I needed to know more and started watching videos and reading articles about MMT.
I wasn’t expecting to have my mind blown – but I was. One video of an economist Stephanie Kelton completely changed how I saw these issues.
So I was very excited when I obtained a review copy of her upcoming book “The Deficit Myth“. Look out for that review in an upcoming post!
However to give you a quick primer on MMT I’ve departed from the standard blog format (oooh!) and done a quick video – Modern Monetary Theory (MMT) In Under Two Minutes.
To keep up to date follow me on social media or sign up for email updates and never miss a post!
What do you think about MMT - comment below!
Author Bio: I started actuary on FIRE as I did not see any actuaries taking a prominent role in the personal finance area and wanted to remedy a shortage of actuary jokes and write for those that appreciate rigor with fancy charts. In my regular day job I advise corporate US on investment and retirement strategies. I’m a qualified actuary, investment adviser and have a PhD in mathematics and reserve the right to have the occasional math post.