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Shrey Srivastava: Why young people should reject the folly of modern monetary theory. Along with everyone else

1 month ago   |   By Conservative Home

Shrey Srivastava is a student at the London School of Economics and a private investor. He writes at shreysnotepad.com .
The old proverb goes: “A society grows great when old men plant trees in whose shade they know they shall never sit”. But what becomes of societies whose young - by dint of myopia - leave old trees unwatered for future generations?
I fear the newest brand of economic heterodoxy ‘modern monetary theory', or MMT, puts us at risk of exploring that question practically. Put simply, it argues that as the monopoly issuer of currency, a country such as the UK can simply...
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