Summary:
One phrase that keeps being used by mainstream economists is "fiscal dominance." This is a fuzzy term that is being used to express disapproval but yet appearing to be a neutral technical term. However, the simplest way to view the discussion is that neoclassical economics was ambushed by reality, and that they are hiding behind jargon to distract from this....Bond Economics Fiscal Dominance As ObfuscationBrian Romanchuk
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Mike Norman considers the following as important:
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One phrase that keeps being used by mainstream economists is "fiscal dominance." This is a fuzzy term that is being used to express disapproval but yet appearing to be a neutral technical term. However, the simplest way to view the discussion is that neoclassical economics was ambushed by reality, and that they are hiding behind jargon to distract from this....Bond Economics Fiscal Dominance As ObfuscationBrian Romanchuk
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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One phrase that keeps being used by mainstream economists is "fiscal dominance." This is a fuzzy term that is being used to express disapproval but yet appearing to be a neutral technical term. However, the simplest way to view the discussion is that neoclassical economics was ambushed by reality, and that they are hiding behind jargon to distract from this....Bond Economics
Fiscal Dominance As Obfuscation
Brian Romanchuk