MMT: A Fairy Tale Economy?

In the recent chatter, Modern Monetary Theory (MMT) has been wiggling its way into the minds of economists on both sides of the Atlantic, sparking debates in places like the UK. MMT suggests that governments can freely print money to fund spending, assuming inflation isn’t a problem. But history warns us, ja? Inflation can wreak havoc on economies, much like that strange science experiment that turned me into this goldfish. It seems Richard Murphy and the Bank of England are tangled in this yarn, trying to decipher its validity. Beware the siren song of easy money! Raise questions about how cash and policy affect our daily bread.