Modern Monetary Theory Explored

 https://www.advisorperspectives.com/commentaries/2020/10/01/modern-monetary-theory-explored


"Having said that, Donald Trump is seemingly busy trying to get Judy Shelton appointed to the Federal Reserve Board. Ms. Shelton is known for advocating a return to the gold standard, and you may wonder (as I do) how she could possibly function in an MMT-friendly US central bank regime? The gold standard is about as far away from MMT as you can imagine. Maybe the story in Reuters is simply untrue? Maybe Donald Trump doesn’t see the engrained conflict? Maybe something completely different, but it is a fact that he desperately wants Ms. Shelton on the board of the Fed. Interesting times!"