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Modern Monetary Theory is the new thing among progressives. But it's been tried by many others, including the Roman dictators who ruined the Roman economy and had Rome falling apart before the barbarian invasions.
Donald Trump's crusade against Iran is being helped along by his love affair with the Saudi Regime — and its army of lobbyists.
Other Schools of Thought
For Hayek, "The fools are those who believe they know more than they do."
From the ArchivesAustrian Economics OverviewPhilosophy and Methodology
Methodological individualism is a precious tool for historical analysis. But it is not a foundation of economic theory.
War and Foreign Policy
In explaining the flood of funding headed toward weapons contractors, one defense analyst noted that “diplomacy is out; air strikes are in."
Free MarketsU.S. EconomyU.S. History
Labor and WagesInterventionism
Taxes and SpendingWar and Foreign Policy