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The (possibly lost) Coronavirus Opportunity — Pablo Pardo

Summary:
Not specifically about MMT but this: Now, Covid-19 could be a great opportunity for the United States and, also, for the world economy. With interest rates nearing zero, this could be a good opportunity to use fiscal policy to revive the economy. This is something that the defenders of the so-called Modern Monetary Theory, such as the former chief economist of the International Monetary Fund, Olivier Blanchard, and also many banks, have been calling for for years, seeing how their margins are disappearing due to ultra-low interest rates. While the author erroneously thinks that MMT is about low-cost financing of government debt, the article is most about using fiscal policy to address existing problems and emergent challenges, as well as addressing the inefficiencies in the US

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Not specifically about MMT but this:
Now, Covid-19 could be a great opportunity for the United States and, also, for the world economy. With interest rates nearing zero, this could be a good opportunity to use fiscal policy to revive the economy. This is something that the defenders of the so-called Modern Monetary Theory, such as the former chief economist of the International Monetary Fund, Olivier Blanchard, and also many banks, have been calling for for years, seeing how their margins are disappearing due to ultra-low interest rates.
While the author erroneously thinks that MMT is about low-cost financing of government debt, the article is most about using fiscal policy to address existing problems and emergent challenges, as well as addressing the inefficiencies in the US socio-economic system.

The Corner
The (possibly lost) Coronavirus Opportunity
Pablo Pardo, Washington DC correspondent of El Mundo
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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