Wednesday, July 17, 2019

This Economic Theory Could Be Used To Pay For The Green New Deal — Scott Horsely


"Balanced" article on MMT (as one would expect from NPR), but not the usual rant, either. So, progress.

NPR (National Public Radio)
This Economic Theory Could Be Used To Pay For The Green New Deal
Scott Horsely

1 comment:

Ralph Musgrave said...

The article says "If there's idle capacity, MMT maintains that additional government spending does not trigger inflation." Well that's standard Keynes, isn't it? It comes to the same as saying that if there's idle capacity, i.e. there's a bit of a recession, having government print and spend more money than is collected in tax will fix the idle capacity problem.