As U.S. political debates continue to intensify around government benefits and tax policy, some politicians and pundits see modern monetary theory (“MMT”) as support for a system of low tax rates and generous government benefits programs.1 To help you get through the presidential election cycle and impress your economist friends, here is a quick primer…
Tag: Economics
What a Trump Presidency Means for Detroit
After January 20th, two things are certain: Donald Trump is the President and Detroit is experiencing a robust comeback after filing for municipal bankruptcy four years ago. Donald Trump has promised to renegotiate trade deals and lower the corporate tax rate. If Trump can make good on his promises, how will these changes impact the…