I'm one of a handful of economists who contributed to the body of academic scholarship known as MMT or Modern Monetary Theory.

我是少数致力于 MMT 或现代货币理论学术研究的少数经济学家之一。

This, indeed, is the fundamental proposition of monetary theory.

这确实是货币理论的基本命题。

What Modern Monetary Theory does is to actually center inflation in the budgeting process so that we are all better protected against inflation risk.

现代货币理论所做的是实际上在预算过程中以通货膨胀为中心，以便大家都能更好地抵御通货膨胀的风险。

The key principle behind Modern Monetary Theory is recognising that governments that issue their own sovereign currency, a government like the United States or Japan, or the UK, can never run out of money.

现代货币理论背后的关键原则是认识到发行主权货币的政府，像美国、日本或英国这样的政府，永远不会耗尽资金。