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US Senate Resolution Calling to Abandon Modern Monetary Theory

The U.S. Senate is considering a resolution recognizing the duty to abandon Modern Monetary Theory (MMT). The document emphasizes that accepting MMT would lead to higher deficits and higher inflation. The resolution cites economists warning that the implementation of MMT would pose a clear danger to the United States economy and could lead to hyperinflation.
Key points
The resolution states that MMT leads to higher deficits and inflation, and that large deficits are unsustainable and dangerous.
Cited experts argue that MMT would end the Federal Reserve's independence, forcing it to finance the government rather than maintain price stability.
The text warns that MMT could destroy foreign confidence in U.S. finances, lead to a collapsing exchange rate, and crowd out private sector investment.
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Status:
Expired
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Additional Information
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.
Print number: SRES 136
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2021-03-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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Summary & Status

Key Questions about US Senate Resolution Calling to Abandon Modern Monetary Theory

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is SRES 136.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-25.

What are the main provisions?

Key points include:

  • The resolution states that MMT leads to higher deficits and inflation, and that large deficits are unsustainable and dangerous.
  • Cited experts argue that MMT would end the Federal Reserve's independence, forcing it to finance the government rather than maintain price stability.
  • The text warns that MMT could destroy foreign confidence in U.S. finances, lead to a collapsing exchange rate, and crowd out private sector investment.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

Analysis and Potential Impact of SRES 136

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy