by Summary:
The trend towards looser fiscal policy could mark the biggest shift in economic thinking in a generation,,,, Discussion of pros and cons in which MMT gets a play, of course.Favorite paragraph: “The winning formula for the Democrats is they are going to have to endorse some of these relatively fiscally extreme positions to get nominated,” says one Democratic strategist, speaking of the 2020 presidential contenders. “The threats of debt and deficits have not panned out. We have been running deficits and debt for 30 years and where is the crowding out, the inflation and the soaring interest rates?” "The emperor has no clothes."Financial TimesWhy America is learning to love budget deficits Sam Fleming and Chris Giles
Topics:
Mike Norman considers the following as important: MMT
This could be interesting, too:
The trend towards looser fiscal policy could mark the biggest shift in economic thinking in a generation,,,, Discussion of pros and cons in which MMT gets a play, of course.Favorite paragraph: “The winning formula for the Democrats is they are going to have to endorse some of these relatively fiscally extreme positions to get nominated,” says one Democratic strategist, speaking of the 2020 presidential contenders. “The threats of debt and deficits have not panned out. We have been running deficits and debt for 30 years and where is the crowding out, the inflation and the soaring interest rates?” "The emperor has no clothes."Financial TimesWhy America is learning to love budget deficits Sam Fleming and Chris Giles
Topics:
Mike Norman considers the following as important: MMT
This could be interesting, too:
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
Matias Vernengo writes Modern Money Theory in the Tropics: A Reply to Agustin Mario
The trend towards looser fiscal policy could mark the biggest shift in economic thinking in a generation,,,,Discussion of pros and cons in which MMT gets a play, of course.
Favorite paragraph:
“The winning formula for the Democrats is they are going to have to endorse some of these relatively fiscally extreme positions to get nominated,” says one Democratic strategist, speaking of the 2020 presidential contenders. “The threats of debt and deficits have not panned out. We have been running deficits and debt for 30 years and where is the crowding out, the inflation and the soaring interest rates?”"The emperor has no clothes."
Financial Times
Why America is learning to love budget deficits
Sam Fleming and Chris Giles