# What This Resolution About Modern Monetary Theory Actually Means

This resolution is basically the Senate saying "we don't think Modern Monetary Theory is a good idea for running the country's finances." It's not a law that changes anything directly—it's more like an official statement of opposition. Think of it as Congress going on record against a particular economic philosophy.

Modern Monetary Theory (MMT) is an economic idea that says a government that prints its own money (like the U.S. does) can spend as much as it wants without worrying about running out of money, as long as there are enough goods and services available in the economy. The theory suggests the government could fund programs by simply creating money rather than raising taxes or borrowing. This resolution argues that if the U.S. actually adopted this approach, it would lead to bigger government deficits and higher inflation—meaning prices would go up for everyday things like groceries, gas, and rent.

The practical impact of this resolution is limited because it's just a statement, not actual policy. It doesn't prevent anyone from studying or discussing MMT, and it doesn't change how the government currently manages money. However, it does signal that the Senate officially rejects this economic theory as a framework for government spending. This kind of resolution can influence future policy discussions and shows where lawmakers stand on economic debates, but it won't immediately affect your taxes, benefits, or how government programs are funded.

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.

Braun, Mike

 <p>This resolution recognizes that (1) large deficits are unsustainable, irresponsible, and dangerous; (2) the acceptance of Modern Monetary Theory will lead to higher deficits and higher inflation; and (3) it is the duty of the Senate to abandon the theory. </p>