Wall Street should love the economic theory Alexandria Ocasio-Cortez backs — and that should worry the rest of us
Business Insider -

The Democratic Party's rising star, Rep. Alexandria Ocasio-Cortez, is a champion of Modern Monetary Theory, which holds that federal deficits aren't as bad as we've always believed.

Naturally, conservatives are freaking out about what this would do to public-sector balance sheets.

But the real issue is what Wall Street and corporate America would do under MMT — and that's borrow money to buyback shares and boost CEO paydays.

It seems the entire conservative universe is freaking out about...


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