Modern Monetary Theory and its challenge to Neoliberalism

After more than four decades of dominance, free-market capitalism is facing a challenge. Its rival, the rather blandly named Modern Monetary Theory, promises to return economic planning to a less ideological footing. It’s also keen to strike a blow against the “surplus fetish” that many economists now blame for declining public services and growing inequality.

This is a companion discussion topic for the original entry at