William Mitchell

William Mitchell was an Australian economist and professor known for his contributions to macroeconomic theory and his advocacy for Modern Monetary Theory (MMT). He argued that governments that control their own currency can manage their economies through fiscal policy, including spending and taxation, without the fear of debt in conventional terms. Mitchell emphasized that unemployment results from insufficient government spending and that creating jobs is essential for economic health. His work challenges traditional views on economics, particularly concerning the role of government in managing the economy and supporting social welfare.