Gundlach: Modern Monetary Theory ‘Complete Nonsense’
April 17, 2019 at 08:30 AM EDT
An article in Bloomberg reports that in a recent webcast, DoubleLine Capital’s Jeffrey Gundlach characterized modern monetary theory (MMT) as “a completely fallacious argument.” Gundlach joins a group of critics of the concept– that the U.S. can’t go broke because it borrows in its own currency and...
