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, May 6, 2020
Statewide’s Michalakis: No choice but MMT — Elizabeth Fry
More public spending money and a high deficit is not the problem if countries issue their own currency, he added, before conceding that “the market can’t solve the three great market failures of our time – a downturn, climate charge and a health crisis.”
“Since 2008 we’ve had the GFC, the European crisis and now we have COVID 19,” the CIO said. “We are now entering a period of new international economics.”...
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