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A Child’s Guide to Modern Monetary Theory: Keynesianism in an old bottle?-by W.A Wijewardena John Law book cover Source:FT The Deficit Myth Aseni, whiz-kid reading for her AL and pretty much interested in economics, had read in the newspapers that during the Budget debate an Opposition Parliamentarian had accused the Government of following a new ideology called Modern Monetary Theory as its strategy. She had tried to understand what this had meant but could not find any literature. So, she asked her grandpa, Sarath Mahatthaya, an ex-officer of the Ministry of Finance, about it. The following is the conversation between the two: Aseni: Grandpa, I have been reading the Budget debate in Parliament in newspapers and noted that one of the Opposition MPs had accused the Government of following an ideology called Modern Monetary Theory. I know Monetary Theory but have never heard of Modern Monetary Theory. What is it, Grandpa? ...