The Lure of the Big Lie: Modern Monetary Theory and Wall Street’s Obsession with Unprofitable Companies.

In the “new economy”, spending has few if any limits and it pays to be unprofitable. Time to start planting tulips?

If you haven’t heard about Modern Monetary Theory (MMT) you will. It’s the economic theory du jour, and it will be all over the news in the months to come — leading up to the…