Modern Monetary Theory In-Depth: Part IConfluence Investment Management
In recent weeks, Modern Monetary Theory (MMT) has become a hot topic of discussion. Given the level of controversy, we want to provide our take on the theory. One could wonder if this topic is appropriate for a geopolitical report. We are using this report to examine MMT because, in our opinion, its rise reflects the continued shift in the equality/efficiency cycle; essentially, MMT is yet another signal that we are seeing the waning days of efficiency and moving into the dawn of equality.1 The equality cycle is not just a U.S. phenomenon but affects most developed . . .
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