Economics

Marco Rubio Puts Out a Paper Citing Obscure Left-Wing Economists

  • His report on investment cites several left-wing economists
  • Paper says U.S. business is too financial, doesn’t build stuff
Marco RubioPhotographer: Andrew Harrer/Bloomberg
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It looks like Marco Rubio didn’t get the memo about Modern Monetary Theory.

His Republican colleagues in the House and Senate are busy circulating resolutions, or organizing hearings, that denounce the doctrine as a threat to the U.S. economy. But the Florida senator published a 40-page report this week lamenting the decline in American investment, and it draws heavily on ideas associated with MMT.