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Story summary
- Green Party leader Zack Polanski advocates public spending plans based on Modern Monetary Theory.
- Critics such as Paul Ormerod warn that unlimited public spending could lead to farcical outcomes for the Green Party, citing Greece's 2015 referendum and the UK's crises under Liz Truss.
- Both cases show that perceived loss of control over public finances can trigger bond market reactions and force policy reversals.
