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.

SRES 89 is a symbolic Senate resolution expressing opposition to Modern Monetary Theory (MMT). It states that accepting MMT would lead to higher deficits and inflation, citing statements from economists and officials across the political spectrum. The resolution does not create new laws, affect any policies, or change government actions - it is purely a declarative statement by the Senate. As a procedural resolution, it has no binding effect on fiscal policy or any individuals.