Economics
Congress Gets a Lesson in MMT Even as Deficit Nears $1 Trillion
- Leading MMTer among experts testifying at budget hearing
- Economists outline benefits, risks of deficits to budget panel
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As America’s fiscal deficit nears $1 trillion for the first time since the financial crisis, the House Budget Committee held a hearing on Wednesday seeking answers to a crucial question: Does it pose a clear and present danger to the economy?