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Modern Monetary Theory

Kristen Soltis Anderson appears on the far right wearing a yellow shirt. At the far left is Andrew Cuomo, with Zohran Mamdani speaking into a microphone at center. Large bold text at the top reads “CUOMO CANCELLED.” | Illustration: Adani Samat

Socialism

Did NYC Vote for Socialism or Against the Establishment?

Plus: Senate GOP releases version of “Big Beautiful Bill” and Republicans shift on gay marriage

Peter Suderman, Katherine Mangu-Ward, Matt Welch, and Kristen Soltis Anderson | 6.30.2025 5:25 PM

Robert P. Murphy Zach Weissmueller, and Liz Wolfe | Graphic by John Osterhoudt

National Debt

Bob Murphy: How Bad Is the National Debt?

Economist Bob Murphy explains the technical details of government debt and why Modern Monetary Theory is so dangerously wrong.

Zach Weissmueller and Liz Wolfe | 9.5.2024 1:00 PM

Various U.S. paper money notes in close up | Maksim Konstantinov/ZUMAPRESS/Newscom

National Debt

Eating Doritos While Drowning in Debt

Plus: A listener asks if there are any libertarian solutions to rising obesity rates.

Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman | 6.24.2024 5:27 PM

John Stossel is seen in front of stacks of 0 bills | Stossel TV

National Debt

The National Debt Is Now So High That Every American Essentially Owes $100,000

We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.

John Stossel | 6.19.2024 2:24 AM

President Joe Biden in his address about "shrinkflation" | Screenshot, X

Inflation

Shrinkflation Is Real—and It's Largely Biden's Fault

The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.

Veronique de Rugy | 2.15.2024 12:01 AM

Visitors look at a Polestar electric car at an event in Los Angeles | Zeng Hui / Xinhua News Agency/Newscom

Taxes

Gas Tax Revenues Decline as Cars Get More Efficient. How Will Government Pay for Roads?

Lawmakers should consider a user-fee system designed to charge drivers by the mile.

Veronique de Rugy | 12.7.2023 5:10 PM

Supply and demand chart | Lubos Chlubny / Dreamstime.com

Politics

2022 Proved That Governments Can't Improve on Good Economic Principles

We’d all be better off if politicians spared us their experiments in subsidies, wages, and trade.

J.D. Tuccille | 1.4.2023 7:00 AM

dreamstime_m_29429513 | Photo 29429513 © Puchan | Dreamstime.com

Inflation

Is Inflation Back for Good?

Prices are up all over the economy. Here are scenarios about what might happen next.

Brian Doherty | 6.22.2021 10:56 AM

TOPCSHISTORY | Photo: Beyond My Ken/Creative Commons

Modern Monetary Theory

There's Nothing Modern About MMT

Similar measures have been tried before, right here in America, and they have worked. But that's actually not good news for MMT fans today.

Alexander William Salter | 5.29.2021 6:16 AM

thnumb

National Debt

Does National Debt Still Matter? America's Greatest Gamble

Fiscal hawks have been sounding the alarm about rising debt levels for decades, but their nightmare scenario of runaway inflation hasn't come to pass. How do we know if this time is different? 

Zach Weissmueller and Justin Monticello | 4.5.2021 1:30 PM

featuredebtreckoning | Joanna Andreasson. Photo: iStock

Deficits

Debt Reckoning

After years of federal fiscal recklessness, is Washington's bill finally coming due? 

Peter Suderman | 10.11.2020 6:00 AM

JeromePowell | KEVIN DIETSCH/UPI/Newscom

Federal Reserve

It's Official: Money Printer Go Brrr

The Reason Roundtable discusses Federal Reserve Chair Jerome Powell's 60 Minutes admission, as well as the Libertarian Party presidential race post-Justin Amash

Matt Welch, Katherine Mangu-Ward, Peter Suderman, and Nick Gillespie | 5.18.2020 4:55 PM

Large image on homepages | sorbetto/iStock

Economics

Modern Monetary Theory Is Supply Side Economics—but for the Left

Peter Suderman | 5.1.2019 12:00 PM

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