Crazytalk 7 business7/13/2023 Fink and Bill Gates have labeled it “ garbage” and “ crazy talk.” And in academia, when the University of Chicago’s Booth School of Business asked top scholars about a couple of its claims, they split between the 28 percent who disagreed and the 72 percent who strongly disagreed.īut M.M.T., as it’s known, is attracting a conspicuous number of fans in an unexpected place: Wall Street. ![]() In the business arena, titans like Laurence D. In policy circles, heavyweight economists have churned out scathing attacks. The package of eccentric ideas known as modern monetary theory - for example, that annual deficits are too small, and that the United States can essentially print money to pay off its debt - has been on the receiving end of a remarkable level of vitriol.
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