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.
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Wednesday, April 26, 2017
Brian Romanchuk — Does The Governmental Budget Constraint Exist?
Illustrates the point that the so-called intertemporal governmentalI budget constraint (IGBC) is "fuzzy" if not illogical, and its "proof" involves a lot of handwaving.
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