Eurasia Review
Reflections On MMT Policy Practice In The United States – Analysis
Anbound Consulting (Anbound) is an independent Think Tank with the headquarter based in Beijing. Established in 1993, Anbound specializes in public policy research, and enjoys a professional reputation in the areas of strategic forecasting, policy solutions and risk analysis. Anbound's research findings are widely recognized and create a deep interest within public media, academics and experts who are also providing consulting service to the State Council of China.
Anbound Consulting (Anbound) is an independent Think Tank with the headquarter based in Beijing. Established in 1993, Anbound specializes in public policy research, and enjoys a professional reputation in the areas of strategic forecasting, policy solutions and risk analysis. Anbound's research findings are widely recognized and create a deep interest within public media, academics and experts who are also providing consulting service to the State Council of China.
“The Fed has to speed up the pace of exiting easing and shrinking its balance sheet in advance for the country to return to the path of traditional monetary policy and end its MMT policy.”
ReplyDeleteCentral Bank buying assets is not part of MMT policy…. Just the opposite…
It comes from monetarism where they reify the abstractions (ie they’re unqualified) and think “banks lend out the reserves!”…
Also kinda funny to read here China trying to figure out what we’re doing.., 😂
ReplyDeleteCentral Bank buying assets is not part of MMT policy…. Just the opposite…
ReplyDeleteRight, it's what I call "the MMT meme" that is now better known than actually MMT. It's getting to be rather pervasive now that "MMT" is a thing.
Pretty soon we'll be hearing that actual MMT economists don't know what "MMT" is.
And so it goes.