MMT also accounts for the fact that sovereign ... since that is the money it can create on its own. The government sells bonds to drain excess reserves and hit its overnight interest rate target.

Bernie Sanders, runner-up for the party’s nomination, and later co-authored a report for the Biden campaign that served as a blueprint for its spending blowout. In 2021 MMT gave the ...

MMT’s version of that is the exceptionally strong underlying claim it makes about the power of the state – that money gets its value from the state, since the state demands money for taxes, and this ...

On March 12, the Indian Sugar and Bio-energy Manufacturers Association on March 12 cut its 2024/25 India sugar production forecast to 26.4 MMT from a January forecast of 27.27 MMT, citing lower ...