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Business Insider, January 10, 2019: Wall Street should love the economic theory Alexandria Ocasio-Cortez backs — and that should worry the rest of us
Carlitos -- Yes Rep Ocasio-Cortez is indeed an advocate of MMT as per this Business Insider article. From the article:
"It seems the entire conservative universe is freaking out about Rep. Alexandria Ocasio-Cortez (D-New York). They've come up with a lot of reasons for it, but chief among them are her ideas about the economy.
"In an interview with Business Insider, Ocasio-Cortez said modern monetary theory (MMT) should "absolutely" be a part of our conversation about the economy. It's a theory that holds that deficit spending isn't nearly as toxic as we've come to believe over the last 40 years — and that it's, in fact, a useful tool. To manage it, you keep interest rates low, and when the economy runs too hot, you raise taxes.
"That sound you're hearing is 1,000 deficit hawks weeping."
The article goes on to discuss MMT. You can read it at the above link, but if Rep Ocasio-Cortez is an advocate of MMT, she could be a strong voice. She has 2.5 million followers on Twitter -- quite a lot for a 29 year old freshman representative who has only been on the job two weeks. She knows how to use social media to draw attention on important matters and the mainstream media seems to cover her closely.