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
▼
Friday, April 3, 2020
Walk the World - The Merits of MMT + MMT Is Now Official Policy!
I discuss MMT (Modern Monetary Theory) with Steven Hail from the University of Adelaide, who makes the case for a different way to think about public debt, and the potential benefits of running a (controlled) deficit.
A point by point critique of MMT which I found interesting.
Plan B: Do a lot of monetary stimulus and ascribe it to MMT. Do next to no fiscal.
ReplyDeleteBob,
ReplyDeleteRight. Plan B is the new Plan A. Exactly.