Wednesday, October 23, 2013

Brian Romanchuk — What Is A Government Bond?

This article is an introduction to some core concepts of Modern Monetary Theory (MMT). Although I associate this explanation with MMT, it is clear that it was foreshadowed by earlier economists, such as Abba Lerner. I am currently not in a position to say who was the first to do this mode of analysis.
MMT versus loanable funds explained with respect to bonds, interest rate, and yields.

Bond Economics
What Is A Government Bond?
Brian Romanchuk


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