An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
"Also, while central bankers simply did not know that a crisis was going to hit but did good work (in my opinion) in preventing an implosion of the financial system, there is simply no need to congratulate them for having purchased government debt such as as done by Paul McCulley here and as done by Adair Turner here at the recent INET conference. Their arguments sound something like: central banks prevented a deflation of prices by purchasing government debt!"
Agree here, McCulley doesn't get it and I do not understand why he is still invited.... just like Soros letting Feldstein (pin-up boy for monetarist neo-liberal chaos) post on the Soros website.
"what communion has light with darkness?" 2 Cor 6:14
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"Also, while central bankers simply did not know that a crisis was going to hit but did good work (in my opinion) in preventing an implosion of the financial system, there is simply no need to congratulate them for having purchased government debt such as as done by Paul McCulley here and as done by Adair Turner here at the recent INET conference. Their arguments sound something like: central banks prevented a deflation of prices by purchasing government debt!"
Agree here, McCulley doesn't get it and I do not understand why he is still invited.... just like Soros letting Feldstein (pin-up boy for monetarist neo-liberal chaos) post on the Soros website.
"what communion has light with darkness?" 2 Cor 6:14
Resp,
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