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.
Warren Mosler, one of the founders of MMT, will be in Zuccotti Park, NYC, on Saturday, Oct 29 at 1pm. He'll be at the Northeast corner of the park. Anyone who wants to drop by is welcome.
China is using MMT to lower it's currency, make HUGE infrastructure projects that lose money : wind, solar mfg, desalination plants that are $10 billion which sell water 50% at which it is made, etc etc
BUT we can't
WHY ?
i would add this to mike's report about China
"China using modern monetary theory for elastic currency operations to create huge infrastructure"
1 comment:
China is using MMT to lower it's currency, make HUGE infrastructure projects that lose money : wind, solar mfg, desalination plants that are $10 billion which sell water 50% at which it is made, etc etc
BUT we can't
WHY ?
i would add this to mike's report about China
"China using modern monetary theory for elastic currency operations to create huge infrastructure"
Even the Swiss do it.
Why cann't we ?
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