by Summary:
In the UK and US, political parties are promising spending splurges to appease voters after a decade of squeezes. MMT is going mainstream. Whether it's more nurses, frozen tax promises, free broadband internet or more social housing in the UK; or tax cuts and green energy investments in America, public spending is set to surge. This sudden abandonment of fiscal rectitude comes amid the rise in prominence of a way of thinking about money, spending and the economy - Modern Monetary Theory (MMT). According to its key architect, US businessman Warren Mosler, it is based on a simple idea - that countries that issue their own currencies can never run out of money in the same way a business or person can. BBCBBC: Howard Mustoe: Can governments ever run out of money?
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In the UK and US, political parties are promising spending splurges to appease voters after a decade of squeezes. MMT is going mainstream. Whether it's more nurses, frozen tax promises, free broadband internet or more social housing in the UK; or tax cuts and green energy investments in America, public spending is set to surge. This sudden abandonment of fiscal rectitude comes amid the rise in prominence of a way of thinking about money, spending and the economy - Modern Monetary Theory (MMT). According to its key architect, US businessman Warren Mosler, it is based on a simple idea - that countries that issue their own currencies can never run out of money in the same way a business or person can. BBCBBC: Howard Mustoe: Can governments ever run out of money?
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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In the UK and US, political parties are promising spending splurges to appease voters after a decade of squeezes.
MMT is going mainstream.
Whether it's more nurses, frozen tax promises, free broadband internet or more social housing in the UK; or tax cuts and green energy investments in America, public spending is set to surge.
This sudden abandonment of fiscal rectitude comes amid the rise in prominence of a way of thinking about money, spending and the economy - Modern Monetary Theory (MMT).
According to its key architect, US businessman Warren Mosler, it is based on a simple idea - that countries that issue their own currencies can never run out of money in the same way a business or person can.
BBC