What Modern Monetary Theory Is and Why Leftists Love It

Modern monetary theory has been coming up a lot here in the early stages of the Democratic primaries. It’s not at all clear to me that it’s a safe or sane approach, but there are certainly economists who believe it is. Here are a few articles on the subject:

https://www.vice.com/en_us/article/a34n54/modern-monetary-theory-explained

https://krugman.blogs.nytimes.com/2011/03/25/deficits-and-the-printing-press-somewhat-wonkish/

https://www.washingtonpost.com/business/modern-monetary-theory-is-an-unconventional-take-on-economic-strategy/2012/02/15/gIQAR8uPMR_story.html