Retired industrial scientist with a lifelong interest in social sciences. I write on economic and political topics from a cultural evolutionary standpoint.
Modern Monetary Theory (MMT) has brought an alternate perspective to the standard one on government debt. As a teenager developing my personal political beliefs in the 1970’s (when inflation was a big concern) I saw government deficit as money creation leading to an increasing number of dollars in the economy relative to stuff to buy. More dollars per unit of stuff means a higher price, hence,…