Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge....Social Europe
Coronavirus crisis: now is the hour of Modern Monetary Theory
Peter Bofinger | professor of economics at Würzburg University and a former member of the German Council of Economic Experts
1 comment:
Unfortunately this plays into the "exceptional circumstances require exceptional measures" narrative. Which can then be rolled back as soon as circumstances allow for it. At that point, the population will most likely be eager for a return to normalcy.
Post a Comment