Portugal’s Estado Novo regime under António de Oliveira Salazar was lauded by some classical liberals for allegedly saving the nation from socialism. However, as Paulo Ferreira writes, for all practical purposes it was a socialist government.

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Portugal’s Estado Novo regime under António de Oliveira Salazar was lauded by some classical liberals for allegedly saving the nation from socialism. However, as Paulo Ferreira writes, for all practical purposes it was a socialist government.
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This panel exposes flawed assumptions of Modern Monetary Theory (MMT), including the origins of money, government spending, job guarantees, entrepreneurship, and economic growth.
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