Comments On Scott Sumner’s Questions About MMT — Brian Romanchuk

Summary:
Scott Sumner asked a few questions about Modern Monetary Theory (MMT) (link), and this article is a short response to some of them. The issue at hand is the effect of open market operations, in particular, in the pre-2008 U.S. system (where reserves paid not interest)....Bond EconomicsComments On Scott Sumner's Questions About MMTBrian Romanchuk

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