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Wednesday, January 29, 2014

Chris Dillow — Deficit Fetishism


Chris Dillow does some sectoral balances to counter deficit fetishism but says he is not a full-on MMT'er in that it's not possible to know before hand what effect expanding deficits would have on markets, effectively nodding to the bond vigilantes. But he does give a shout-out to MMT and provides a link to the Wikipedia article on Modern Monetary Theory.

Stumbling and Mumbling
Deficit Fetishism
Chris Dillow | Investors Chronicle
(h/t Ralph Musgrave)

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