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.
Here is another one from Bloomberg:"Fiscal and monetary policy makers can cooperate to generate desired inflation. The government can provide stimulus, and the central bank can help by allowing that stimulus to push upward on prices. But the impact is the same whether the government finances the spending with debt or new money. Why confuse matters by talking about helicopters?"http://www.bloombergview.com/articles/2016-03-24/-helicopter-money-won-t-provide-much-extra-liftLooks like it is starting to really pick up for MMT. I've noticed wherever I present MMT ideas, the people are somewhat familiar already. They don't know the details but they have heard something about It. I think Mitchell, Wray, Mosler etc chose a right strategy by starting blogging on the internet. It wpuld have never gained any traction with mainstream economists. It will have to get to a point where cab drivers start embarrassing mainstream economists.
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