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- Modern Monetary Theory (MMT) resurges in policy debates, challenging traditional fiscal rules by prioritizing resource availability and inflation risks over revenue constraints. - U.S. policymakers reject formal MMT adoption but align pragmatically with its principles through infrastructure investments and municipal bond financing. - MMT advocates argue debt sustainability is overstated, while critics warn of inflationary risks and fiscal misallocation in supply-constrained economies. - Global infrastruc

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