States empowered to stop reckless defecits

In August of 2020, we wrote an opinion opposing Modern Monetary Theory (or MMT, the "too good to be true" idea that the federal government can spend unlimited amounts of money, regardless of revenue, in order to benefit the country and the economy). We disagreed with MMT on the strongest terms. Since that time, the federal government has added $8.4 trillion dollars to our national debt, which now...