Randall Wray is one of the pioneers of Modern Monetary Theory (MMT), which challenges mainstream economic ideas about currency, debt, and inflation. MMT, according to Wray, offers a way out of the austerity bias in economics and expands the role of government creation of money. He is the author of ‘Modern Money Theory’ (2012).
Wray is also an international authority on the late Hyman Minsky related to money and finance and published ‘Why Minsky Matters’ in 2015.
How this differs from the mainstream
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