Modern Monetary Theory: Print and Spend to Prosperity?

Modern Monetary Theory  (MMT) argues that a country can become rich by government deficit spending and e-printing of money. In fact, countries all over the world have implemented MMT. The US government, for example, is running the largest deficit in history, and the Federal Reserve has paid for the deficit by creating money.  Click here for an academic review I wrote on MMT. Be forewarned that while MMT seems silly, mainstream economics may be sillier. 

Stone Money on the Island of Yap