Modern Monetary Theory, MMT, is a macroeconomic framework popular among political progressives that challenges traditional thinking. It claims that spending by wealthy countries that use currency backed by their own governments is not constrained by revenue. In this video, you'll learn a simple way to understand this concept through an easy and brief explanation. Advocates are fans of public programs, like universal healthcare, which the government claims to not have the money to fund. Opponents call it irresponsible, fearing it would lead to hyperinflation.