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Japan and the limits of liquidity

Modern monetary theory is too simplistic to solve all today's complex economic challenges

| Japan

Modern Monetary Theory (MMT) is a macroeconomic doctrine with historical antecedents going back to economists John Maynard Keynes, Abba Lerner and Hyman Minsky.

It has recently had a populist resurgence as a rationale for printing money to pay for more government spending.

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