July 31, 2019
A small revolution is brewing in the world of macroeconomics. It’s an idea that counts a Democratic socialist presidential candidate and a hedge fund manager among its adherents.
The economics team at Payden & Rygel, manager of our Payden Global Income Opportunities Fund, write about Modern Monetary Theory, popularly known as MMT. The team breaks down MMT’s foundational underpinnings, evaluates some of its claims, and concludes that while it may be plausible at face value, investors would do well to doubt its legitimacy.
And all in a CPD-accredited article – click here to read it.