MMT modern money theory is what it says on the tin -a new theory for money and economics-initially thought of as a policy for cranks and crack pots it is now gaining greater attention and that may increase in these difficult times.
Zac Polanski is an advocate for this new approach to looking at economies and has said he intends to base his policies in government on it.
This engaging and entertaining film is an explanation of how money really works -why governments that print their own currency should be able to spend without the need for such phenomena as austerity or borrowing.
but is it all just a trick with mirrors or a serious remedy for our difficult financial times?
Stephanie Kelton has also written a book The deficit myth that goes into the theory in more depth-very readable