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Pavlina Tcherneva on the size of the fiscal deficit

Summary:
There was a recent exchange on whether MMT prescribes a certain size deficit. As @KarlWiderquist argues here, the answer is no. But I would go even further. MMT does not prescribe or aim to estimate a specific size of 'desirable' govt deficit for several reasons....Read the thread here.Thread by @ptcherneva on Thread Reader App

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There was a recent exchange on whether MMT prescribes a certain size deficit. As @KarlWiderquist argues here, the answer is no. But I would go even further. MMT does not prescribe or aim to estimate a specific size of 'desirable' govt deficit for several reasons....
Read the thread here.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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