1.0the patient investorhttps://thepatientinvestor.comrich600338<blockquote class="wp-embedded-content" data-secret="fkSs4mTtEe"><a href="https://thepatientinvestor.com/index.php/2021/02/13/modern-monetary-theory-mmt/">Modern Monetary Theory (MMT)</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://thepatientinvestor.com/index.php/2021/02/13/modern-monetary-theory-mmt/embed/#?secret=fkSs4mTtEe" width="600" height="338" title="“Modern Monetary Theory (MMT)” — the patient investor" data-secret="fkSs4mTtEe" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://thepatientinvestor.com/wp-includes/js/wp-embed.min.js </script> A reader asked me to explain MMT. I am not an economist and will try to avoid any jargon. The basic tenet of MMT is that government has the power to reduce unemployment by increasing stimulus spending. Government spending in excess of tax revenues (a deficit) is funded by an increase in public debt. Deficits … Continue reading ""https://static.incrediblecharts.com/images/2021/2021-02-12-gdp-publicdebt.png