Recognizing the duty of the House of Representatives to condemn Modern Monetary Theory and recognizing that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation.

H. Res. 1049 · 116th Congress · Jul 16, 2020 · Lineage

RESOLUTION

That the House of Representatives—

(1)

realizes that deficits are unsustainable, irresponsible, and dangerous; and

(2)

recognizes—

(A)

that the implementation of Modern Monetary Theory would lead to higher deficits and higher inflation; and

(B)

the duty of the House of Representatives to condemn Modern Monetary Theory.

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Jul 16, 2020viewing Introduced in House Mr. Kevin Hern of Oklahoma (for himself, Mr. Budd, Mr. Norman, Mr. Flores, Mr. Baird, Mr. Watkins, Mr. Bishop of North Carolina, Mr. Collins of Georgia, and Mr. Meuser) submitted the following resolution; which was referred to the Committee on Financial Services