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As money pours from government coffers all around the world, it's time to fundamentally rethink our understanding of economic principles.

We’ve long been told society can't support massive government spending without tempting financial ruin. And yet stimulus has clearly been necessary to stave off economic annihilation and the financial ruin of millions.

Modern monetary theory (MMT), an emerging branch of macroeconomics dealing with debt and government spending, may be the key to understanding that and the what-comes-next.