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.
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.
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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.
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