IMF Urges Post-Pandemic Stimulus to Avoid Depression Mistake — Rich Miller

Summary:
The International Monetary Fund wants policy makers to avoid repeating the Depression-era mistake of ratcheting back budget deficits. Instead, it’s urging them to ramp up fiscal stimulus when the coronavirus contagion starts to abate.…  This doesn’t sound all that different from the prescription of Modern Monetary Theory proponents -– a heterodox economic school that contends countries such as the U.S. can run bigger budget shortfalls without worrying about going broke because they print their own money.... Yahoo FinanceIMF Urges Post-Pandemic Stimulus to Avoid Depression MistakeRich Miller, Bloomberg

Topics:
Mike Norman considers the following as important: IMF, MMT

This could be interesting, too:

Matias Vernengo writes Argentina on the verge

Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.

Steve Roth writes MMT and the Wealth of Nations, Revisited

Michael Hudson writes Twice as Important