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.
Pages
▼
Pages
▼
Tuesday, December 10, 2019
The debt delusion — Michael Roberts [book review]
Michael Roberts reviews and critiques The Debt Delusion by John Weeks.
Michael Roberts Blog — blogging from a marxist economist The debt delusion Michael Roberts
His main point is that the deficit needs to be very big to counteract the factors that spark off recessions (e.g. a fall in investment spending). Well what of it? Make the deficit BIG.!!
His main point is that the deficit needs to be very big to counteract the factors that spark off recessions (e.g. a fall in investment spending). Well what of it? Make the deficit BIG.!!
ReplyDeleteDoh.