by 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
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
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