(Part 1): Does Sovereign Government Set Its Own Interest Rates?
Last week we began our series exploring where MMT parts company with “Keynesian” macroeconomics. This is a response to Ed Dolan’s useful post here: http://www.economonitor.com/dolanecon/2012/11/28/what-does-it-mean-for-fiscal-policy-to-be-sustainable-mmt-and-other-perspectives/Economonitor | Great Leap Forward
Bond Vigilantes And Math Sustainability Of Fiscal Deficits
L. Randall Wray | Professor of Economics, UMKC
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