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.
The proper abolition of government provided deposit insurance should require a huge amount of new fiat to be equally distributed to the population - by fiscal means.And who will object to such a distribution and abolition except the usual suspects?
Andrew, I fully agree.Re Ambrose E-P, like most of the windbags who write for newspapers he advocates extra infrastructure spending. As I've pointed out a thousand times, extra infra spending may well be needed, in which case it needs to be increased over the next decade or two. But the idea that infrastructure projects can be switched on and off to deal with booms and busts is crazy.Where demand needs to be increased quickly, it's much more effective to increase CURRENT as opposed to CAPITAL spending.
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