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, 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.
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.
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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