Recognizing the duty of the House of Representatives to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.
USA117th CongressHRES-267| House
| Updated: 3/23/2021
Kevin Hern
Republican Representative
Oklahoma
Cosponsors (4)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This resolution recognizes that (1) large deficits are unsustainable, irresponsible, and dangerous; (2) the acceptance of Modern Monetary Theory will lead to higher deficits and higher inflation; and (3) it is the duty of the House of Representatives to abandon the theory.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Economics and Public Finance
Budget deficits and national debtEconomic theoryMonetary policy
Recognizing the duty of the House of Representatives to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.
USA117th CongressHRES-267| House
| Updated: 3/23/2021
This resolution recognizes that (1) large deficits are unsustainable, irresponsible, and dangerous; (2) the acceptance of Modern Monetary Theory will lead to higher deficits and higher inflation; and (3) it is the duty of the House of Representatives to abandon the theory.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Kevin Hern
Republican Representative
Oklahoma
Cosponsors (4)
Financial Services Committee
Economics and Public Finance
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Budget deficits and national debtEconomic theoryMonetary policy