Revista OEconomica

Delia-Raluca ŞANCARIUC, Dragoş Cosmin Lucian PREDA - An Inquiry into Development: The Big Picture and Possible Explanations

Alexandru-Florin PREDA - From Brussels to Trade Tables: The Impact of Data Protection on Global Trade Dynamics

Petru-Răsvan IATAN - The Free Market Perspective on the War Economy: Public Policies and the Role of Human Incentives [Perspectiva pieţei libere asupra economiei de război: politicile publice şi rolul stimulentelor umane]

Hesam JEBELI-BAKHT-ARA - Colonialism, the Plurivalent Conflict of the African Continent [Colonialismul, conflictul plurivalent al continentului african]

Revista ŒCONOMICA - Book Notes / Semnal editorial: Academia de Studii Economice – 110 ani de performanţă continuă. Evocări, opinii, experienţe personale, mărturii ale absolvenţilor

Articles on Issue Theme

Silviu CERNA

Universitatea de Vest din Timişoara

A new economic theory – “Modern Monetary Theory” (MMT) – has been enjoying great success in the US lately and is often invoked in Europe. It is supported mainly by left-wing politicians and economists, who advocate for the further increase of the budget deficit, financed more by the creation of currency than by the issuance of government securities. The argument is that in this way the financial deficit of the state is easier to cover.

ŒCONOMICA no. 3/2019

Keywords: credit, government debt, budget deficit, interest, inflation, liquidity, currency, solvency, sustainability, monetary theory

JEL: B10, E59, E60, E61, E62

Modern Monetary Theory and Its Poisonous Implications [Teoria monetară modernă şi implicaţiile sale nefaste]

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