SRES 136
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.
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This resolution urges the Senate to reject Modern Monetary Theory (MMT), arguing that its acceptance would lead to unsustainable levels of debt and inflation. The resolution highlights concerns raised by economists across the political spectrum, citing potential negative consequences such as increased deficits, reduced foreign confidence in the U.S. economy, and a potential loss of the Federal Reserve’s independence. It emphasizes the importance of traditional fiscal and monetary frameworks to maintain economic stability.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Mike Braun
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.