by Summary:
With governments searching for ways to manage the unprecedented economic fallout of the COVID-19 pandemic, the policy agenda implied by Modern Monetary Theory has become all the more appealing. Yet, insofar as MMT ignores the demand for money, it is a risky guide for policymakers. Inflation down the road. "They" need a new meme. The threat now is deflation.Project SyndicateThe Problem With MMTWillem H. Buiter, a former chief economist at Citigroup, is a visiting professor at Columbia University.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
With governments searching for ways to manage the unprecedented economic fallout of the COVID-19 pandemic, the policy agenda implied by Modern Monetary Theory has become all the more appealing. Yet, insofar as MMT ignores the demand for money, it is a risky guide for policymakers. Inflation down the road. "They" need a new meme. The threat now is deflation.Project SyndicateThe Problem With MMTWillem H. Buiter, a former chief economist at Citigroup, is a visiting professor at Columbia University.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
With governments searching for ways to manage the unprecedented economic fallout of the COVID-19 pandemic, the policy agenda implied by Modern Monetary Theory has become all the more appealing. Yet, insofar as MMT ignores the demand for money, it is a risky guide for policymakers.Inflation down the road.
"They" need a new meme. The threat now is deflation.
Project Syndicate
The Problem With MMT
Willem H. Buiter, a former chief economist at Citigroup, is a visiting professor at Columbia University.