Ray Dalio Monetary Policy 3 Modern Monetary Theory

Ray Dalio: It’s Time To Look More Carefully At “Monetary Policy 3 (MP3)” And “Modern Monetary Theory (MMT)”

This article is for folks who are interested in economics, especially about how monetary and fiscal policy will work differently in the future. It will focus on Monetary Policy 3 (the new type that we will see more of around the world) and Modern Monetary Theory (a recently proposed new approach that has received a fair amount of attention). It comes in two parts. The first part is important for folks who care about such stuff but it’s a bit wonky and the second which shows historical cases is very wonky so feel free to wade into this in . . .

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