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.
Marc Lavoie:"We know, as an identity, that the government deficit has to be equal to the current account deficit plus the financial saving of the private sector."Isn't this what MMT says, except that the term "net saving" is used instead?If so, isn't Lavoie simply taking the MMT side vs the MMR guys in the 'saving' debate?
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