Randall Wray

Randall Wray is an economist known for his work on modern monetary theory (MMT), which explains how governments with their own fiat currencies can finance public spending and manage the economy without relying solely on taxes or borrowing. He emphasizes that such governments can create money to fund essential services like healthcare, education, and infrastructure, as long as inflation is controlled. Wray's ideas challenge traditional views on government budgets, highlighting that fiscal policy, rather than balance sheets, should be the primary tool for economic stability and growth.