A resolution recognizing the duty of the Senate to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.
USA117th CongressSRES-136| Senate
| Updated: 3/25/2021
Mike Braun
Republican Senator
Indiana
Banking, Housing, and Urban Affairs 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 Senate to abandon the theory.
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Timeline
Introduced in Senate
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1831-1832)
Economics and Public Finance
Budget deficits and national debtEconomic theoryMonetary policy
A resolution recognizing the duty of the Senate to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.
USA117th CongressSRES-136| Senate
| Updated: 3/25/2021
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 Senate to abandon the theory.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S1831-1832)
Mike Braun
Republican Senator
Indiana
Banking, Housing, and Urban Affairs Committee
Economics and Public Finance
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Budget deficits and national debtEconomic theoryMonetary policy