What does everyone think about Modern Monetary theory: http://en.wikipedia.org/wiki/Modern_Monetary_Theory From my reading on Wikipedia I see nothing wrong with it but at the same time every-time I've scene it used on a blog I didn't see that it added anything useful to the discussion or how it helped make any relevant point. Perhaps the criticism given in Wikipedia helps best describe it: "New Keynesian Brad DeLong has suggested MMT is not a theory but rather a tautology. Still others have said MMT "ignores the lessons of history" and is "fatally flawed.''" "Tautology also means a series of self-reinforcing statements that cannot be disproved because the statements depend on the assumption that they are already correct." http://en.wikipedia.org/wiki/Tautology There are of course some absurd claims which proponents of the theory make but a lot of theories have been misused to make absurd claims.