The foundation of monetarism is the Quantity Theory of Money. The theory is an accounting identity—that is, it must be true. It says that the money supply multiplied by velocity (the rate at which ...

But willful foolishness usually has a cost. So it is with modern monetary theory. Ironically, this basket of economic fallacies, embraced by policymakers during the Biden-Harris administration ...

A new study challenges old theories, proposing that money was created for trade between strangers and not to collect taxes.

Stop worrying about debt and just go on a splurge. That's what proponents of an unorthodox economic theory called MMT, or modern monetary theory, are suggesting countries like Japan and the US ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

The history of money, one of humanity’s most transformative creations, has been the subject of discussion for centuries. How ...