The article is behind a paywall, but I have found that the FT let's you read an article once before the paywall comes up. Whether this is intentional or a quirk in the system, I don't know?The article was saying that MMT had got the ECB chiefs thinking about how they could print money to help failing states without giving a free ride to the bond markets. They said that printing money would not cause inflation in an economy that is in deflation.So, MMT is now being taken seriously by the ECB chiefs, well, at least some of it's theories.The FT article said that MMT is associated with the left.Anyway, try the link and see if you are able to get in the first time like I did this morning, unless I was just lucky again.FT - Modern monetary theory offers insights into the
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The article was saying that MMT had got the ECB chiefs thinking about how they could print money to help failing states without giving a free ride to the bond markets. They said that printing money would not cause inflation in an economy that is in deflation.
So, MMT is now being taken seriously by the ECB chiefs, well, at least some of it's theories.
The FT article said that MMT is associated with the left.
Anyway, try the link and see if you are able to get in the first time like I did this morning, unless I was just lucky again.
FT - Modern monetary theory offers insights into the eurozone
https://www.ft.com/content/97cdd71c-7d3e-11e9-81d2-f785092ab560