Home›Sources›Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary TheorySourcesMoney, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary TheoryAcademic Journal ArticleCitation FormatsGeneral ReferenceGeneral Reference Citation TextEconomics Atlas. "Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary Theory." Accessed August 30, 2026. https://economics.interactiveatlas.org/sources/palley-2015-critique-of-mmt.Copy General ReferenceAPA StyleAPA Style Citation TextEconomics Atlas. (n.d.). Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary Theory. Retrieved August 30, 2026, from https://economics.interactiveatlas.org/sources/palley-2015-critique-of-mmtCopy APA StyleBibTeXBibTeX Citation Text@misc{economicsatlas-money-fiscal-policy-and-interest-rates-a, author = {Economics Atlas}, title = {Money, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary Theory}, year = {2026}, url = {https://economics.interactiveatlas.org/sources/palley-2015-critique-of-mmt}, note = {Accessed August 30, 2026} }Copy BibTeXReference and ClassificationVerifiedThomas Palley's 2015 article in the Review of Political Economy, a peer-reviewed critique arguing Modern Monetary Theory understates the interest-rate and inflation risks of financing government spending through central bank money creation and overstates how cleanly fiscal and monetary policy can be separated in practice.FactsSourcesClaims Backed By This Source (11 claims)Comments (0)Reader Challenges (0 open reader challenges)FactsSource TypeWell-attestedprimary-textSourcesMoney, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary TheoryClaims Backed By This Source (11 claims)This source backs 11 claims across the atlas. As facts: 6 well-attested. As cited relationships: 1 connected, 1 critiqued Here, 1 rejected Here. Plus 2 entities citing it as a general reference with no single fact or relationship attached.Disposition By TopicArticles, 7 claims: 4 well-attested, 1 connected, 2 general references.Schools of Thought, 2 claims: 1 critiqued Here, 1 rejected Here.Sources, 2 claims: 2 well-attested.Well-attested6ArticlesThomas Palley and the Case MMT Doesn't AnswerSourcesMoney, Fiscal Policy, and Interest Rates: A Critique of Modern Monetary TheoryConnected1ArticlesThomas Palley and the Case MMT Doesn't AnswerCritiqued Here1Schools of ThoughtModern Monetary TheoryRejected Here1Schools of ThoughtModern Monetary TheoryGeneral References2ArticlesThomas Palley and the Case MMT Doesn't AnswerComments (0)No comments yet. Be the first to share a thought.Sign in to join the discussion.Reader Challenges (0 open reader challenges)No disputes yet. Spotted an error or a better source? Open the first one.Sign in to dispute this or suggest a correction.View At A Past YearThe atlas records no dated fact of its own for this entry, so there is no other year to choose.Show This Year