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FT – Modern monetary theory offers insights into the eurozone

Summary:
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 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 eurozone

https://www.ft.com/content/97cdd71c-7d3e-11e9-81d2-f785092ab560

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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