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.
Good interview... My opinion is that two things need to get across to the public.
One is sectoral balances. It's simply not possible for every agent in the economy to simultaneously run a surplus. That govt and non-govt need to be mirror images. Stephanie explains this very well in some of her presentations, but I don't think I'm seen it on Thom's show.
And two. That US dollars come from the govt, that it can't run out.
Combine those two things and maybe we can get some sensible economic policy.
1 comment:
Good interview... My opinion is that two things need to get across to the public.
One is sectoral balances. It's simply not possible for every agent in the economy to simultaneously run a surplus. That govt and non-govt need to be mirror images. Stephanie explains this very well in some of her presentations, but I don't think I'm seen it on Thom's show.
And two. That US dollars come from the govt, that it can't run out.
Combine those two things and maybe we can get some sensible economic policy.
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